According to the surroundings-industry-enterprise match model. Cell three represents: simple-risky surroundings.
The required details for Person–environment fit in given paragraph
Person–surroundings match (P–E match) is the diploma to which man or woman and environmental traits suit. Person traits may also encompass an man or woman's organic or mental needs, values, goals, abilities, or personality, at the same time as environmental traits ought to encompass intrinsic and extrinsic rewards, needs of a task or role, cultural values, or traits of different people and collectives withinside the man or woman's social surroundings. Due to its crucial implications withinside the workplace, man or woman–surroundings match has maintained a distinguished role in Industrial and organizational psychology and associated fields. Person–surroundings match may be understood as a particular sort of man or woman–scenario interplay that includes the suit among corresponding man or woman and surroundings dimensions.
Even even though man or woman–scenario interactions as they relate to match were mentioned within side the clinical literature for decades, the sector has but to attain consensus on a way to conceptualize and operationalize man or woman–surroundings match.
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Rick mendez bought stock for $5,000, using $2,500 of his own money and $2,500 borrowed from the broker. One month later, the stock is sold for $5,650. Interest owed to the broker is $30; brokerage commissions to buy and sell the stock totaled $300.
The rate of return earned by Rick Mendez from the stock investment is 12.8%.
What is the rate of return?The rate of return is the gain (or loss) earned from an investment expressed as a ratio of the initial investment cost.
For instance, the rate of return is the difference between the total costs of an investment and its sales proceeds, multiplied by 100.
The investment cost of stock = $5,000
Proceeds from the sale of the stock = $5,650
Broker's finance = $2,500
Interest on borrowed funds = $30
Brokerage commissions = $300
Total brokerage finance costs = $2,830
Net proceeds after brokerage costs = $2,820 ($5,650 - $2,830)
Investment using own funds = $2,500
Gain from investments = $320 ($2,820 - $2,500)
Rate of return = 12.8% ($320/$2,500 x 100)
Thus, we can state that Rick Mendez's investment in the stock yielded a return of 12.8%.
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Question Completion:What is the rate of return earned by Rick Mendez?
true or false: a 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less. true or false: a 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less. false true i don't know.
It is true that a 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.
What is the difference between a 15-year and 30-year mortgage?Although 15-year mortgages can be a reasonable option for some buyers, most homebuyers usually opt for 30-year fixed-rate loans.Our monthly payments can be more manageable if you take out a 30-year mortgage.Although a 15-year mortgage has larger monthly payments overall, the overall cost of the loan is lower.A 30-year mortgage often has a higher interest rate because banks are less risky with 15-year loans than 30-year loans, and because banks can afford to provide shorter-term loans more affordably than longer-term loans.The shorter loan is preferable if an investor can afford the larger payment, particularly if they are nearing retirement and will be reliant on a fixed income.To learn more about fixed income, refer:
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describe the options that you have if the goods that you receive as a buyer are nonconforming to the goods described within a written sales contract?
Nonconforming goods are delivered that don't satisfy the specifications (quantities and qualities) of the requested goods defined in a purchase contract.
What are the remedies available to a buyer?1. Lawsuit for Damages for Non-Delivery - If the seller wilfully fails or declines to deliver the products to the buyer, the buyer may bring a lawsuit for damages for non-delivery. Additionally, in the event of non-delivery, the buyer has the right to get their money back, if they have already paid the price.
2. Lawsuit for price - In the event that the buyer has already paid the price but the items are not delivered to him, he may sue to reclaim the money.
3. Suit for specific performance - When the goods are specified or determinable, the buyer may bring legal action against the seller to require him to fulfil the same goods as agreed upon under the terms of the contract. Only in cases where the products are specific or known, does the court issue orders for specific performance and damages.
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the content we consume through a digitally connected device is called . group of answer choices multichannel marketing digital media omnichannel marketing integrated marketing communications
Websites, physical storefronts, catalogs, direct mail, emails, mobile devices, and other indirect and direct communication channels are all examples of multichannel marketing.
Search engine optimization, pay-per-click, social media marketing, content marketing, email marketing, mobile marketing, marketing analytics, and affiliate marketing are the eight key areas that make up digital marketing.
A multi-channel strategy for marketers entails constantly being where the customers are. It entails utilizing a range of media to interact with their audience. As consumer preferences and spending patterns continue to shift online, channels are expanding in number today.
Multi-channel marketing refers to the dissemination of marketing messages over a variety of media channels. Email, social media, print, mobile, display advertisements, television, and other channels may all be used for this.
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In the United States, the 401(k) plan or Individual Retirement Account iS a defined
plan.
A defined contribution plan, often known as a cash or deferred arrangement, is a 401(k) plan.
What is a personal 401(k) plan?When you work for yourself or as a partner in a company where the only employees are the partners and their spouses, you can maximize your savings with an individual 401(k), also known as an i401(k).
What is a defined benefit plan in a single 401(k)?A Solo CB can be used in conjunction with a 401(k) Plan or as a standalone retirement plan. There is a compulsory contribution to a Solo CB because it is a defined benefit plan, but the plan also permits sizeable pre-tax retirement plan contributions, especially for business owners over the age of 50.
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net marketing contribution reveals what is left after the manufacture and sale of the product to cover marketing, fixed costs and profit.T/F
This statement is False. Net marketing contribution does not reveal what is left after the manufacture of product and sale of the product to cover marketing, fixed costs and profit. It is a measure of the profit of a product or service from the marketing perspective.
It can be calculated by subtracting all the marketing costs from the total income generated by the product or service. It is a key measure of marketing effectiveness and is used to help understand and improve the contribution of marketing activities to the overall profitability of a business. Marketing involves a number of activities which include market research, product development, promotion, pricing, distribution, customer service, and more.
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your broker requires an initial margin of $4,000 per futures contract on soybeans and a maintenance margin of $3,000 per contract. soybean futures contracts are based on 5,000 bushels and quoted in cents per bushel. yesterday, you bought six soybean futures contracts at the closing settlement price of 1380. today, the settlement quote is 1335. all margin calls restore margin levels to their initial margin level. will you receive a margin call and, if so, for what amount?
Yes, you will receive a margin call and the amount call is $13,500.
What is margin call?Margin is the security that a financial instrument holder must deposit with a counterparty (often their broker or an exchange) to cover all or part of the credit risk the holder poses for the counterparty. The following actions by the holder could put them at risk:
borrowed money from the counterparty to buy securities,
borrowed financial products to be short sold,
a derivative contract was entered into.
A margin account's collateral, which represents the funds available to the account holder for additional share trading, can be either the money deposited in the account or the securities offered. Prior to becoming known as margins, performance bonds were the term used on American futures exchanges. The majority of today's exchanges are in SPAN.
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barry newman's savings account has a balance of $1732. after 13 years, what will the amount of interest be at 5% compounded annually?
The yearly basis compounded interest rate of 5% seems to be $1533.94. (APPROX).
What exactly was meant by "interest"?
Interest is indeed the money borrowed or the expense of making loans. Investment is most frequently expressed as a annual percentage of something like the loan amount. The above portion is known as such loan amount cost of borrowing.
Briefing:
We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
Hence
A=$1732(1+5/100)^13
=$3265.94(APPROX)
Hence interest =A-P
=$3265.94 - $1732
=$1533.94(APPROX).
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which of the following statements concerning mrp system operation is correct? a. research has shown that many companies are transitioning from safety stock to safety capacity as a means of dealing with uncertain demand. b. a properly used mrp system allows for minimal levels of safety stock. c. additional safety lead time is a common strategy for reducing inventory levels. d. all of these choices are correct.
The statements concerning mrp system operation that is correct is b. a properly used mrp system allows for minimal levels of safety stock.
What is MRP in operation?A Material Requirements Planning (MRP) system can be described as one that accelerates the manufacturing production process by determining what raw materials, components as well as the subassemblies that are neede which could based on demand and bill of materials (BOM).
Hence , properly used mrp system allows for minimal levels of safety stock.
Therefore, option B is correct.
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you are hiring a manager to run your service operations for the southern region. based upon what we know about being able to adapt several different approaches in leadership, what is the best way to hire the manager to have the highest probability of success?
A hiring manger should hire a candidate that can adjust many Leadership behaviors based on situation and possess the traits of a follower.
Long-term benefit to the company comes from a candidate who can adjust to organizational changes. In a service firm, a person would also be prompt in making suggestions and fixing operational problems that arise during the manufacturing process.
In order to become a more successful leader, leaders have to understand where they are currently.
The 5 most common leadership styles are:
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a company had net cash flows from operations of $143,000, cash flows from financing of $376,000, total cash flows of $569,000, and average total assets of $3,880,000. the cash flow on total assets ratio equals:
Option B is correct. A company had net cash flows from operations of $143,000, cash flows from financing of $376,000, Total cash flows of $569,000, and average total assets of $3,880,000. the cash flow on total assets ratio equals 4.1%.
Net cash flows from operations = 133000
Divide by Average total assets = 3280000
Cash flow on total assets ratio = 4.1%
Option B 4.1% is correct.
Cash float is a degree of ways awful lot cash a business introduced or spent in general over a time period. Coins go with the flow is generally damaged down into coins glide from working sports, making investment sports, and financing sports on the announcement of cash flows, a common economic assertion.
Cash drift from operations is comprised of fees made as part of the regular route of operations. Examples of these coins outflows are payroll, the fee of goods sold, hire, and utilities. Coins outflows can range considerably whilst business operations are fairly seasonal.
A coins flow declaration suggests the exact amount of a company's cash inflows and outflows over a time frame. The earnings announcement is the maximum commonplace financial announcement and shows an enterprise's revenues and total costs, along with noncash accounting, such as depreciation over a period of time.
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Complete Question:
A company had net cash flows from operations of $133,000, cash flows from the financing of $356,000, total cash flows of $539,000, and average total assets of $3,280,000. The cash flow on total assets ratio equals:
Multiple Choice
A). 16.4%.
B). 4.1%.
C). 3%.
D). 16.5%.
E). 24.7%
One consideration in choosing a marketing channel is profitability, which is determined by the margins earned for each channel member and for the channel as a whole. Based on this information, which of the following statements would be most accurate?- The more responsibilities a channel member takes in terms of distribution, advertising, and selling expenses, the greater the potential for manufacturer profitability.- The more responsibilities the manufacturer assumes relative to its channel members, the greater the potential for profitability.- The extent to which channel members share costs determines the margins received by each member and by the channel as a whole.- While channel members can increase profitability by taking on distribution and selling expenses, advertising expenses should always remain with the manufacturer if a firm is looking for the greatest profitability.- Profitability is not related to the length or nature of the distribution chain but determined by the manufacturer.
Option (c), The margins that each channel member and the channel as a whole obtain depend on how much they share costs.
How much money does the channel of distribution make?The channel margin is, to put it simply, the difference between what the client pays and what the supplier must pay at that particular point in the distribution channel. Channel margins can be computed as a percentage of the selling price or as a per-unit sum.
What four types of distribution are used in supply chain management?There are four main distribution channels that a business can choose from when deciding how to advertise its products most effectively. Direct sales, wholesale, brokerage, and dual distribution are some of the options. Choose your distribution partners for your supply chain carefully to follow best practices.
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sports teams travel together. they compete against other teams. this increases their a.diversity. b.norm generalization. c.role structure. d.cohesiveness. e.informal leadership.
Sports teams travel together. they compete against other teams. this increases their role structure.
Hence, Option C is correct.
The purpose of organizational structure is to make it apparent who is responsible for what and where each individual stands in the hierarchy of authority. A director of an employee may answer to a vice president, who answers to the chief executive officer, who answers to the board of directors or the company's owners.A high school football player, for instance, simultaneously fulfills the responsibilities of student, athlete, classmate, etc. "A person in the role of a parent is supposed to care for their child and safeguard them from danger," is another illustration of a role.To know more about Role structure here
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the ordinary rules of agency normally do not apply to the employment of corporate officers. true false
The given statement ''the ordinary rules of agency normally do not apply to the employment of corporate officers'' is false.
Explain the law of agency ?A person, known as the agent, who is permitted to act on behalf of another (known as the principal) to establish legal contacts with a third party is dealt with under a set of contractual, quasi-contractual, and non-contractual fiduciary relationships under the law of agency. In a nutshell, it may be described as the equal connection between a principle and an agent in which the principal, either explicitly or tacitly, gives the agent permission to act on their behalf and under their supervision. Thus, the agent must engage in negotiations on behalf of the principle or establish contractual relationships between the principal and third parties.The ordinary rules of agency normally apply to the employment of corporate officers.
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when one firm responds to a rival's cheating by cheating and to a rival's cooperation by cooperating, that firm is practicing a:
When is the case here, as more businesses enter an oligopolistic market, collaboration becomes more difficult as revenues. The correct response is D.why firms will not cooperate if they behave strategically.
Decline and businesses begin to act more egotistically. Companies will always be looking to cheat in order to make this profit, so in this scenario the cheating firm has an incentive to do so because the profit is so much bigger than sharing. The other businesses would respond by raising prices.
And they would all suffer the prisoner's dilemma is cited or recognised as a game theory example that tends to show why it can be challenging to organise and keep collaboration, even though it could be extremely beneficial to both parties.
Complete question:
when one firm responds to a rival's cheating by cheating and to a rival's cooperation by cooperating, that firm is practicing a
A. why firms have an incentive to cheat on agreements.
B. how oligopolists engage in implicit collusion under strategic situations.
C. how cooperation in strategic situations leads to the economically efficient market outcome.
D. why firms will not cooperate if they behave strategically.
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daily demand for a type of sandwich sold at doorred cafe (drc) is normally distributed with a mean of 65 and a standard deviation of 27. drc orders the sandwiches from a wholesaler (everyday morning before 5:30 am) at a wholesale price of $4 per sandwich and sells them at a retail price of $7 per sandwich. pursuant to the contract between drc and its wholesaler, the transportation cost is currently borne by the wholesaler. the wholesaler does not take back any unsold sandwiches. however, drc can sell any unsold inventory at a discounted price of $3 after 5:00 pm every day. a) how many sandwiches should drc order to maximize profit?
Given the information provided, DRC should order 65 sandwiches to maximize their profits.
This is because the demand for sandwiches is normally distributed with a mean of 65 and a standard deviation of 27. By ordering 65 sandwiches, the cafe will have enough to meet the average daily demand without having to order too many and risk having to sell them at a discounted price.
To maximize profit, Doored Cafe (DRC) should order the number of sandwiches that minimizes the expected cost of lost sales due to unsold inventory. To find the optimal order quantity, we can iterate through different order quantities and calculate the expected profit for each one.
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typically result(s) in the acquiring firm being able to prevent valuable human resources in the acquired firm from leaving. a. financial slack b. private synergy c. high compensation d. friendly acquisitions
Friendly Acquisition is typically result in the acquiring firm being able to prevent valuable human resources in the acquired firm from leaving.
Option D is correct.
What is good Acquisition ?Good acquisitions share value creation on both the buy side and the sell side. Added value can be measured through organizational and cultural change. For example, a hardware company buys a startup and equips its business with a new software lens.
What is an acquisition strategy?The Acquisition Strategy identifies the acquisition approach and key assumptions and the business, technical, product support, security, and supportability strategies that the PM will employ to manage program risks and achieve program objectives. A comprehensive and integrated plan that describes the strategy.
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What are some of the customization options in the Animation Pane? Check all that apply.
add animations
reorder animations
remove animations
set timing of animations
preview animations
With Animation Pane you can:
add animationsreorder animationsremove animationsset timing of animationspreview animationsWhat is Animation Pane?Generally, Animation Pane is a feature in Microsoft PowerPoint that allows users to manage and customize the animations applied to elements in a presentation. It allows users to view, add, modify, and delete animations in a slide.
To access the Animation Pane, you can go to the "Animations" tab in the ribbon and click on the "Animation Pane" button. The Animation Pane will appear on the right side of the PowerPoint window, showing a list of all the animations applied to the current slide.
In the Animation Pane, you can:
Add animations: You can add new animations to an object or text by selecting it and then choosing an animation from the list of available animations.
Reorder animations: You can change the order in which animations play by clicking on an animation in the Animation Pane and dragging it up or down to a new position.
Remove animations: You can remove an animation by clicking on it in the Animation Pane and then clicking the "Remove" button.
Set timing of animations: You can set the timing of an animation by clicking on it in the Animation Pane and then using the options in the "Start" and "Duration" fields to specify when the animation should start and how long it should last.
Preview animations: You can preview the animation by clicking the "Play" button in the Animation Pane. This will play all of the animations in the order that they are listed in the Animation Pane.
Note that these are just some of the customization options available in the Animation Pane. There may be additional options depending on the version of the software you are using and the specific animation you have selected.
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Answer:B, C, D, E
Explanation:
right on edge22
consider the following information for a period of years: arithmetic mean long-term government bonds 7.9% long-term corporate bonds 8.0 inflation 3.5 what is the real return on long-term government bonds? note: do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. what is the real return on long-term corporate bonds?
The real return on long-term corporate bonds is 4.35%.
Long-term government bonds nominal return = 7.9%
Inflation rate = 3.5%
Real return is given by the formula:
Real Return = (1+Nominal return) (1+inflation) −1
substitute the Long-term government bonds nominal return and inflation calculated above:
Real Return = (1+7.9%) (1+3.5%) −1
= 0.042512077 = 4.25% (rounded to 2 decimal places)
Real return: 4.25%
Requirement 2: What is the real return on long-term corporate bonds? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)
Long-term corporate bonds return = 8.0%
Substitute the given values:
Real Return = (1+8.0%) (1+3.5%) −1
= 0.043478261 = 4.35% (rounded to 2 decimal places)
Real return: 4.35%
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phillipe established a revocable living trust naming himself, his spouse, and his two children as income beneficiaries, and his grandchildren as remainder beneficiaries. he funded the trust with $300,000. what is the value of the gift to this trust is:
The contribution to this trust has a value of zero dollars. No gifts are made to oneself when funding a revocable living trust, so this has no impact on gift taxes.
An living trust is what?A living trust is a legal arrangement created by a person (the grantor) to protect their property and decide how it will be transferred after their dying.
It's an estate planning technique that can help beneficiaries and family members avoid a protracted, visible, challenging, and oftentimes expensive probate process.
A contract is used to create a living trust. The terms of the Trust and the assets transferred by the Grantor to the Trust are clearly forth in the Agreement. The grantor appoints a trustee, who will, at a particular period, have control over those assets for the benefit of the beneficiaries.
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what is (at least) one way we could improve financial education in the us to help solve the financial capability issues?
Financial education in the us to help solve Start a budget, Understand your credit score, Schedule some time to learn.
what is Schedule?
To describe the time or manner in which something is planned to be completed. For instance, if something is finished on time, it is finished at the appointed hour.Two minutes earlier than expected, the plane touched down in Johannesburg. Everything proceeded as planned.Making a schedule keeps you on track to reach your objectives and encourages you to consider what you want to do each day, each week, and each month.Serial Timetable: A sort of schedule known as a serial schedule requires that one transaction be finished before beginning another. Non-serial Calendar: Multiple transactions run concurrently or simultaneously on a non-serial schedule.To learn more about Schedule refer to
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the open-market committee of the federal reserve announced that it plans to sell more government bonds to the public. this action will likely
It is likely that this will result in less money being available.
What is Open market?The phrase "open market" is often used to describe a near to free trade economic environment. The phrase is used to describe interbank trading in securities in a more precise, technical sense. There are little to no constraints on how enterprises can conduct themselves in a market that is open to competition.
A market without regulatory restrictions, such as taxes, license requirements, and government subsidies, is referred to as an open market. Without the influence of an outside market, buyers and sellers can freely exchange goods. Changes in demand and supply impact the pricing of products and services.
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what are two examples of economic forces within a company's general environment? multiple select question. marijuana legalization the unemployment rate bank interest rates hurricane katrina
The correct option is B and C. The two examples of economic forces within a company's general environment of The unemployment rate and bank interest rates.
financial forces are factors that include monetary and monetary policies, hobby charges, employment, inflation fee, demographic adjustments, political changes, electricity, security, and natural disasters. All of these have a right-away effect on how corporations produce and distribute their services or products.
Those elements decide a business enterprise’s volume of calls for its product and affect its advertising techniques and activities. The monetary device is made of 3 fundamental steps. the primary one being manufacturing and then there's a distribution of the produced items and then the closing step is the consumption of the identical. Now all that is viable because of two factors- Human useful resources and herbal resources.
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presented below is selected information for sheridan company. answer the questions asked about each of the factual situations. (do not leave any answer field blank. enter 0 for amounts.) 1. sheridan purchased a patent from vania co. for $1,160,000 on january 1, 2018. the patent is being amortized over its remaining legal life of 10 years, expiring on january 1, 2028. during 2020, sheridan determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. what amount should be reported in the balance sheet for the patent, net of accumulated amortization, at december 31, 2020?
At December 31, 2020, the amount that should be reported in the balance sheet for the patent, net of accumulated amortization, is $576,000.
This amount is calculated by taking the original patent cost of $1,160,000, multiplied by the remaining legal life of the patent (6 years) and then divided by the total legal life of the patent (10 years). ($1,160,000 x 6/10 = $576,000).
In return for publishing an enabling disclosure of the invention, the owner of that patent is granted the legal right to prevent others from creating, using, or selling the invention for a a period of time. In the majority of nations, patent rights are governed by private law, and in order to enforce them, the patent holder is required to file a lawsuit against a third party who violates the patent.
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after receiving the results of a self-assessment, you learn that you have a very low risk tolerance. with this knowledge, which business approach would be the least stressful for you?
Buy an existing business that is already successful would be the least stressful and also the best approach.
Buying an existing business is exactly what it sounds like.Usually, the buyer assumes total control of the company. The biggest benefit is having a pre-existing plan that might contain crucial elements like a clientele that is established, specified operational costs, and fully trained staff. Almost every form of business may be acquired or sold, regardless of the industry.
Usually, when you acquire an existing company, you have total control over its course. However, without a clear goal, support systems, or outside counsel, your company may struggle as you find out how to manage things.
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what economic does not directly affect prices demand
supply
marketing
scarcity
The economic factor that does not DIRECTLY affect prices is: "Marketing" (Option C).
What are the factors that directly affect prices in economics?Prices and interest rates fluctuate in response to changes in supply and demand. Prices will rise if something is in high demand and supply begins to dwindle.
Prices will decline if supply exceeds current demand. Prices might move higher and lower as demand grows or declines if supply is generally steady.
There are also four major market factors that influence price:
Expenses and costs.Demand and supply.Perceptions of Customers.Competition.Learn more about prices:
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The government reduces the corporate profit tax. As a result, corporate profits increase. This will _____ the non labor income of households, causing consumption to _____ and labor supply to ______
Answer:
this will increase the nonlabor income of households, causing consumption to increase and labor supply to increase
Explanation: due to a reduction in the corporate profits tax, a larger amount of salary will be paid to the nonlabor sector hence there is a rise in the income of nonlabor, as an increase in income their consumption will also increase, people, would like to work in different company and labor supply will also increase.
a broker who is not a realtor wishes to use written contracts to established her agency agreement with buyer-client. the broker should
A broker who is not a realtor desires to establish her agency relationships with buyer-clients through written contracts. A Texas lawyer should draft a contract form at the broker's request.
If a buyer ultimately submits an offer on a property with a different agency, a "buyer's representation agreement" or "buyer's agent agreement" might assure that at least some money is made to the agent. The may occur after the initial realtor has expended a significant amount of time, energy, and money assisting that buyer in obtaining the home of their desires. Having an exclusive contract with a real estate agent in place can be advantageous for everyone involved, especially if you utilize these suggestions to negotiate the conditions to your best advantage.
Your expectations and your mutual understanding can be stated in black and white. The buyer might then phone their agent in a fit of ecstasy to announce they have made up their minds about a property they had previously viewed with them and have signed a contract to buy the home there and then, without consulting or getting any help from their agent. This is fantastic for the buyer. For the agent who has put in months of labor without pay, it's not so fantastic.
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pertains to performance and the quality and quantity of task outputs as defined by team goals. a. commitment b. norm c. productive output d. capacity to adapt e. satisfaction
Productive output pertains to performance and the quality and quantity of task outputs as defined by team goals. option c
What is meant by productive output?The number of units actually produced by a single facility or operation over the course of a single continuous 12-month period is referred to as productive output.
Productivity is the amount of output that can be generated from a given set of inputs. When more output is generated using the same number of inputs or when the same amount of output is produced using fewer inputs, productivity increases. There are two productivity ideas that are frequently employed.
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customer service reps a) work with customers to resolve problems that arise at the time of purchase. b) work for producers calling on their intermediaries and their customers. c) provide technical assistance to order-oriented salespeople. d) work with customers to resolve problems that arise with a purchase, usually after the purchase has been made. e) are invaluable in working with business customers, but not with final consumers.
Customer service reps are invaluable in helping companies build relationships with their customers. They are responsible for resolving problems that arise at the time of purchase, as well as those that may arise after the purchase has been made.
They help customers understand product information, provide technical assistance, and answer any other questions the customer may have. They also work with intermediaries and producers, helping them to reach out to customers and build relationships. They also work with both business and final consumers, providing assistance and helping to build customer loyalty. Customer service reps are vital in helping companies build customer relationships and ensure customer satisfaction.
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