In the context of pay influencing turnovers, a result of too little pay is feelings of unfair treatment among employees. The Option B is correct.
How does little pay influences turnovers?Little pay can have both positive and negative effects on a company's turnover, depending on the context. On the one hand, paying employees less than what they deserve can lead to high turnover rates as employees seek better-paying opportunities elsewhere.
This can lead to high recruitment and training costs for the firm which can lead to reduced productivity and decreased employee morale, which can further impact the company's bottom line.
Question options "a. higher individual performance among employees b. feelings of unfair treatment among employees c. more employees requesting for training d. employees finding the company more attractive".
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In the context of small businesses, _____ comes from lenders who will be repaid at a specified interest rate within a specified time span.
A. equity financing
B. debt financing
C. profit capital
D. working capital
In the context of small businesses, debt financing comes from lenders who will be repaid at a specified interest rate within a specified time span. The correct option B.
What is debt financing?
Debt financing refers to funds that are raised by a company by borrowing money from lenders, such as banks or other financial institutions, rather than by issuing equity.
There are various types of debt financing, including bonds, commercial paper, and bank loans. The terms of the loan agreement, such as the interest rate and the repayment period, are typically set at the time the loan is made.
The borrower is obligated to repay the loan amount along with the specified interest on a regular basis until the debt is fully repaid. Businesses may choose to use debt financing over equity financing because debt financing is often less expensive than equity financing.
Finally, debt financing is often easier to obtain than equity financing, especially for small businesses that do not have a well-established track record.
There, the correct option is B.
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the elk corporation has provided the following information total sales were 2520000 beginning net accounts receivable was 94000 what was elk's receivable turnover ratio
Elk Corporation's accounts receivable turnover ratio for this period is 26.81. This indicates that on average, the company collected its outstanding accounts receivable balance 26.81 times during the period.
What is turnover ratio?Turnover ratio is a financial ratio that measures the efficiency of a company in managing its assets. It shows how many times a company has used or turned over its assets in generating revenue or sales.
The turnover ratio is calculated by dividing the total sales or revenue generated by a company during a specific period by the average value of the asset being analyzed. The resulting figure represents how many times the asset has been used or turned over during the period.
The turnover ratio can be calculated for different types of assets, such as accounts receivable, inventory, and fixed assets.
The formula for the accounts receivable turnover ratio is as continues to follow:
Accounts Receivable Turnover Ratio = Total Sales / Average Accounts Receivable
To find the average accounts receivable, we need to add the beginning and ending balances of accounts receivable and divide by 2:
(Beginning Net Accounts Receivable + Ending Net Accounts Receivable) / 2 = Average Accounts Receivable We don't have the ending net accounts receivable balance, so we can't calculate the average. Therefore, we can only calculate the receivable turnover ratio using the beginning net accounts receivable balance.
Accounts Receivable Turnover Ratio = Total Sales / Beginning Net Accounts Receivable
Accounts Receivable Turnover Ratio = 2520000 / 94000
Accounts Receivable Turnover Ratio = 26.81
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two ways to calculate economic surplus are and . group of answer choices consumer surplus minus producer surplus; marginal benefit plus marginal cost marginal benefit minus marginal cost; consumer surplus plus producer surplus marginal benefit minus price; marginal cost minus price price minus marginal benefit; price minus marginal cost
The two ways to calculate economic surplus are consumer surplus minus producer surplus, and marginal benefit plus marginal cost . Consumer surplus is the difference between the amount that a consumer is willing to pay for a good or service and the amount they actually pay. Producer surplus is the difference between the amount that a producer is willing to supply a good or service for and the amount they actually receive.
Marginal benefit is the additional benefit received from consuming an additional unit of a good or service, while marginal cost is the additional cost incurred from producing an additional unit of a good or service. Both consumer surplus and producer surplus are important components in calculating economic surplus, as is the difference between the marginal benefit and marginal cost. By adding and subtracting these components, economic surplus can be accurately calculated.
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In general, developers must get a construction loan before they can line up permanent (long-term) financing that will be used once the project is complete and being operated with tenants. (T/F)
In general, developers must get a construction loan before they can line up permanent (long-term) financing that will be used once the project is complete and operated with tenants. This statement is true.
What is a construction loan? A construction loan is a form of bank or another lender financing that assists in the construction of a new home or another type of real estate project. The lender will generally pay out the funds to the builder or contractor in tranches as the work progresses. When the work is completed, the loan is then repaid by the borrower via a new, more permanent loan that covers the property's entire value.
There are various forms of loans available in the market that can be used to finance your dream house; however, a construction loan is a special type of loan that is used for the construction of a new property. Once the project has been completed and the property has been occupied by tenants, the construction loan is replaced by a long-term, permanent financing arrangement that will cover the entire value of the property.
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If an adjustable-rate 30-year mortgage for $120,000 starts at 4. 0 percent and increases to 5. 5 percent, what is the increase in the monthly payment amount? Use Exhibit 7-7. (Do not round intermediate calculations. Round your answer to 2 decimal place
In the first case the montly payment is $401 and second case montly payment is $551.
what is monthly payment and how it is calculated?The monthly payment is the amount paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the principal amount, or the original amount loaned out, that needs to be repaid, but also the interest that accumulates. the difference between two montly payments is ($551-$401= $150). when we increase interest rate then automatically monthly payment have to be increases .
simple formula for calculating montly payment is
Monthly Payment = (Principal *interest /12)*(1+interest/100*12)*12*number of years/(1+interest/100*12)number of month -1
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Which of the following is an example of an experience-based situational interview?A. Ernesto was asked about how he would respond to racist behavior in the workplace.B.Shoshani was asked how she would handle scope creep on a project.C.Ming was asked to describe a situation where her creativity led to effective problem solving.D.Renee was asked what steps she would take in case of a warning light in the electrical system.E. Deondree was asked to describe how he would sell a new marketing strategy to his boss.
An example of an experience-based situational interview is when Ernesto was asked about how he would respond to racist behavior in the workplace. Thus, option A is correct.
The purpose of the experience-based situational interview is to examine the problem-solving skills of the job candidate in real-life situations.
In this type of interview, the interviewer tries to evaluate how well the candidate can respond to various situations related to the job in a critical and practical manner. In this scenario, Ernesto was asked about how he would react to racist behavior in the workplace.
Ernesto may provide his experiences in the past where he has dealt with racism or discrimination. Ernesto can share how he handled the situation or how he intervened to protect others who were subject to racism.
Racist behavior is an unacceptable behavior that is based on prejudice and can lead to discrimination against people based on their race or ethnicity.
Racism is an impediment to an individual's well-being, dignity, and ability to participate fully in society. It can take on many different forms, including discrimination, harassment, or violence. Thus, option A is correct.
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A proposed new venture will cost $175,000 and should produce annual cash flows of $48,500, $85,000, $40,000, and $40,000 for Years 1 to 4 respectively. The required payback period and discounted payback period is 3 years. The discount rate is 9%. Which methods indicate project acceptance and which indicate prject rejection?
a. accept: NPV, IRR, PI, payback; reject: discounted payback
b. accept: NPV, IRR; reject: PI, payback, discounted payback
c. accept: NPV, IRR, PI; reject: payback, discounted payback
d. accept: payback, discounted payback; reject: NPV, IRR, PI
e. accept: payback, PI; reject: NPV, IRR, discounted payback
NPV, IRR, and PI indicate project acceptance, while payback and discounted payback indicate project rejection. The correct answer is option C.
Net Present Value (NPV) measures the difference between the present value of a project's cash inflows and its costs. A positive NPV indicates a good project.
Internal Rate of Return (IRR) measures the return of a project and is the discount rate that causes NPV to equal zero. An IRR higher than the required rate of return indicates a good project.
The Profitability Index (PI) is the ratio of a project's present value of future cash flows divided by its initial cost. A PI greater than 1.0 indicates a good project.
The payback Period is the time it takes to recover the cost of the project. A shorter payback period indicates a good project.
Discounted Payback Period is similar to the regular payback period but uses discounted cash flows. A shorter discounted payback period indicates a good project.
Therefore, the correct option is C.
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the ethical issue(s) of top concern within the marketing function of a firm include multiple choice customer privacy, especially for children. honesty and transparency in advertising. consumer health and safety. all of these choices are correct.
The ethical issues of top concern within the marketing function of a firm include multiple choices such as customer privacy, especially for children, honesty and transparency in advertising, and consumer health and safety.
Why are these issues critical?These issues are critical because they directly impact the reputation of the firm and its relationship with customers. For example, violating customer privacy can lead to loss of trust and legal consequences. Similarly, dishonest advertising can mislead consumers and harm their health and safety.
Therefore, it is essential for marketers to prioritize ethical considerations in their strategies and ensure that they comply with industry regulations and best practices.
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Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November.
Sales (7,800 units) $413,400
Variable expenses 257,400
Contribution margin 156,000
Fixed expenses 103,500
Net operating income $52,500
If the company sells 7,700 units, its net operating income should be:
A. $51,979
B. $50,500
C. $52,500
D. $48,000
option B ic correct the operating net profits for income of 7,700 units is $50,500
Step 1: Calculate the income and variable fees according to unit:
sales rate per unit
=total income/total units
=$413,four hundred/7,800=$53
Variable cost in keeping with unit
=total variable price/total gadgets
=$257,four hundred/7,800=$33
Step 2: Calculate the operating income if the employer sells 7,700 devices as follows:
details in line per unit amount
sales (700 devices) $53 $408,100
Variable value $33 $254,100
Contribution margin $154,000
fixed fee (given) $103,500
net operating profits $50,500
consequently, the operating net income for income of seven,700 gadgets is $50,500
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describe a personal macro workbook. what is the benefit of using a personal macro workbook, and why is it helpful in the real-world?
A personal macro workbook refers to a file which saves frequently used macros. It is beneficial as it helps improve productivity by automating repetitive tasks in workplace.
A personal macro workbook is a workbook that saves frequently used macros. It is a file that contains a collection of VBA code that is available across all Excel workbooks. It's particularly useful for frequent and repeated tasks. When a user needs a macro, the personal macro workbook is loaded, and they have access to all of their macros.
The advantage of using a personal macro workbook is that it can improve productivity in the workplace. It allows the user to create custom macros that are tailored to their specific requirements. It is particularly useful for automating repetitive tasks, which saves time and increases efficiency.
In addition, using a personal macro workbook is helpful in the real-world because it enables the user to streamline their work and become more efficient. For example, a personal macro workbook can be used to automate a monthly report, making it easier to create and maintain. It also reduces the chances of errors occurring in the report.
In conclusion, a personal macro workbook is a useful tool that can improve productivity and efficiency in the workplace. It is particularly useful for automating repetitive tasks, saving time and reducing the risk of errors.
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what three tips on how to incorporate an influencer strategy at your next event by allen yesilevich?
Here are three tips on how to incorporate an influencer strategy at your next event:
Set clear goals: Before you begin identifying potential influencers, it's important to have a clear understanding of your event goals and what you hope to achieve through influencer marketing. Are you looking to increase event attendance, generate buzz on social media, or drive engagement with your target audience? Once you've defined your goals, you can better identify influencers who can help you achieve them.
Build authentic relationships: Influencer marketing is most effective when you build authentic relationships with influencers. Take the time to research potential influencers and their content, engage with them on social media, and provide value to them before you pitch a partnership. This can help establish a foundation of trust and ensure that the influencer's endorsement of your event is genuine.
Provide value to your influencers: To incentivize influencers to promote your event, consider offering them value in exchange for their participation. This could include free event tickets, exclusive access to speakers or VIP areas, or compensation for their time and effort. By providing value to your influencers, you can build stronger relationships and ensure that they are motivated to promote your event to their audience.
Incorporating an influencer strategy at your next event can help you reach a wider audience and generate excitement around your event. By setting clear goals, building authentic relationships, and providing value to your influencers, you can create a successful influencer marketing campaign that drives results.
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An investor has exchange-traded put options to sell 100 shares for $20. There is a 2-for-1 stock split. Which of the following is the position of the investor after the stock split?
A. Put options to sell 200 shares for $10
B. Put options to sell 100 shares for $10
C. Put options to sell 100 shares for $20
D. Put options to sell 200 shares for $20
B Put options to sell 100 shares for $10. After a 2-for-1 stock split, the investor’s put option to sell 100 shares for $20 is now worth the same as a put option to sell 200 shares for $10.
Put options are a sort of contract between an option's seller and the person who buys the option (the option holder).
This option gives the option holder the right, but not the obligation, to sell a predetermined number of shares of the underlying asset at a specific price (the strike price) by a certain date (the expiration date).
An investor has exchange-traded put options to sell 100 shares for $20. After the stock split, the investor will still have the put options but will have the right to sell 100 shares at a lower price.
So, the position of the investor after the stock split is that they will have put options to sell 100 shares for $10.
The price per share of the company has decreased as a result of the 2-for-1 stock split.
Therefore, the put option to sell 100 shares would have been adjusted to reflect the stock split.
So, the position of the investor after the stock split is that they will have put options to sell 100 shares for $10.The correct option is B. Put options to sell 100 shares for $10.
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One disadvantage of government subsidies over price controls is that subsidiesA. cause unemployment.B. make higher taxes necessary.C. prevent the attainment of equilibrium in the markets in which they are imposed.D. are always unfair to those with low incomes.
Answer:B Make higher taxes necessary
Make
Explanation:
This is because if there are subsidizes then the money must come from
Use the following information to answer this question.Windswept, Inc.2017 Income Statement($ in millions)Net sales $ 9,600 Cost of goods sold 7,550 Depreciation 380 Earnings before interest and taxes $ 1,670 Interest paid 95 Taxable income $ 1,575 Taxes 551 Net income $ 1,024 Windswept, Inc.2016 and 2017 Balance Sheets($ in millions)2016 2017 2016 2017 Cash $ 200 $ 230 Accounts payable $ 1,410 $ 1,542 Accounts rec. 950 850 Long-term debt 1,040 1,273 Inventory 1,690 1,625 Common stock 3,200 2,950 Total $ 2,840 $ 2,705 Retained earnings 510 760 Net fixed assets 3,320 3,820 Total assets $ 6,160 $ 6,525 Total liab. & equity $ 6,160 $ 6,525 What is the equity multiplier for 2017?
The equity multiplier for Windswept, Inc. in 2017 is approximately 1.76.
To find the equity multiplier for Windswept, Inc. in 2017, we will use the following formula:
Equity Multiplier = Total Assets / Total Stockholders' Equity First, we need to find the Total Stockholders' Equity for 2017.
This can be calculated by adding Common Stock and Retained Earnings: Total Stockholders' Equity = Common Stock + Retained Earnings Total Stockholders' Equity
= $2,950 million + $760 million Total Stockholders' Equity = $3,710 million
Now, we can use the Equity Multiplier formula: Equity Multiplier = Total Assets / Total Stockholders' Equity Equity Multiplier = $6,525 million / $3,710 million
Equity Multiplier ≈ 1.76
The equity multiplier for Windswept, Inc. in 2017 is approximately 1.76.
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retail sales are measured by . a.) collecting self-reported data from all retail outlets with over 10 employees b.) the census bureau c.) collecting self-reported data from chains of over 40 stores d.) the bureau of labor statistics.
Retail sales are measured by collecting self-reported data from chains of over 40 stores. Option C is correct.
Retail sales is a measure of how much product consumers buy from stores. Retail sales in the United States are measured by the Census Bureau. Retail sales are monitored by the US Department of Commerce, which publishes retail sales estimates once a month.
The data are compiled by gathering self-reported data from chains of more than 40 stores. The Bureau of Labor Statistics, on the other hand, conducts the Current Employment Statistics (CES) survey to provide an early estimate of monthly nonfarm payroll employment data.
In conclusion, option c) collecting self-reported data from chains of over 40 stores is correct.
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4 pieces of information do you need to set up sales tax for a client who only does business in their home state?
Four pieces of information are necessary, 1), you need to identify the state in which the client is conducting business. 2), you need to determine if the client is registered to collect sales tax in the state. 3), you need to identify what items client is selling 4) you need to know the rate of sales tax that is applicable for the items and services.
This is important as it will determine which state sales tax rates are applicable. It is important to note that each state has its own sales tax laws and regulations and there can be a range of rates and exemptions depending on the state and the items and services being sold.
For example, some states exempt certain items from sales tax, while others may have multiple sales tax rates for different categories of goods and services. Therefore, it is important to understand the sales tax laws for the applicable state before setting up sales tax for a client.
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jamaica is a poor country that borrowed funds from the united states. unable to repay the loan, jamaica has agreed to numerous alliances and trade agreements that benefit the united states. this process in which a powerful nation uses loans and economic power to maintain control over a poor nation is called: neocolonialism slavery globalization caste system.
The process in which a powerful nation uses loans and economic power to maintain control over a poor nation is called neocolonialism.
What is neocolonialism?Neocolonialism is a form of indirect control used by powerful countries over poor countries. It refers to the practice of using economic, political, and cultural power to maintain control over less developed countries.
Neocolonialism can be used as a tool by a powerful country to maintain economic and political control over a poor country, even if it is politically free.
It can also take the form of a powerful country having control over an economically and politically dependent country, which is referred to as a client state. Neocolonialism involves a powerful country having control over another country's resources, including oil, mineral deposits, and agricultural products.
In return, the poor country receives a loan, which it will not be able to repay, and is obligated to trade with the powerful country at a disadvantage. In addition, the poor country is forced to adopt the policies of the powerful country, including the adoption of political, economic, and cultural values.
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whtat the edfinition of price takers?
Price takers are businesses or people that operate in completely competitive markets but lack the ability to command a higher price for their goods or services.
People or businesses who operate in a market and have no control over the price of the goods or services they sell are known as price takers. Individuals are powerless to influence the market price through their own actions or decisions, and must accept the price set by supply and demand factors. In other words, they are powerless to control the price and are forced to accept whatever the market decides. Price takers often work in markets that are very competitive, have a large number of customers and sellers, uniform products, and no obstacles to entering or departing.
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you are asked to come up with a new widget. what would your first step be? a. idea generation cross out b. test marketing cross out c. commercialization cross out d. business analysis cross out e. idea screening cross out
If you are asked to come up with a new widget, your first step should be idea generation. The correct answer is A. Idea generation.
What is a Widget?A widget is a tiny program or application that performs a specific function or a set of related functions on a website, desktop, or mobile device. Widgets are widely utilized on websites, especially those that utilize JavaScript, HTML, and CSS. Idea generation is a stage in the new product development process that involves brainstorming and generating ideas for new product development. The objective is to generate a wide range of concepts that have the potential to become new products or services.
Idea generation is the first stage of the new product development process, which is a continuous process that involves the following phases: Idea generation, Idea screening, Concept development and testing, Business analysis, Market testing, Commercialization If a new widget is to be developed, the first step in the new product development process will be to generate ideas that are innovative and have the potential to meet the needs and expectations of customers.
Idea generation can be accomplished through brainstorming, focus groups, surveys, and other methods. When a firm generates a variety of concepts, it must screen and evaluate them to determine which ones are feasible, profitable, and aligned with its marketing and business objectives.
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the effects on organizations of unmotivated and unhappy workers include: multiple select question. improved product development poor relationships with customers high recruitment and training costs increased financial success
Unmotivated and dissatisfied employees have a negative impact on businesses in the form of costly training and recruitment expenses as well as bad customer relations.
What impact does a disengaged workforce have on a business?A demotivated employee can have an adverse effect not just on the productivity of the person but also on the team as a whole. Other employees may experience stress when attempting to pick up the slack as a result of increased tardiness or absenteeism at work as well as a lack of attention on routine chores.
What negative impact does a lack of motivation have on a company?Higher employee turnover, poorer engagement, poor communication, and decreased productivity are just a few of the problems that may develop and make your workplace a toxic environment.
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Which of the following is a generic blueprint offered by a service organization which must be flexible, scalable, robust, and detailed?a. framework b. security modelc. security standard d. both A & B are correct
The generic blueprint offered by a service organization must be flexible, scalable, robust, and detailed, and can include both a framework and a security model. Thus, D is correct.
A service organization's generic blueprint serves as a guide for delivering consistent and high-quality services to customers. To be effective, this blueprint must be flexible to accommodate changes in customer needs, scalable to adapt to changes in demand, robust to handle unexpected disruptions, and detailed enough to provide clear guidance to employees.
A framework can provide the overall structure and methodology for delivering services, while a security model can ensure that appropriate safeguards are in place to protect both the organization and its customers. Both elements are essential for developing a comprehensive and effective blueprint that can help service organizations meet their goals and objectives.
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how do marketers use data to identify problems or issues?
In the following question, among the conditions given, Marketers use data to identify problems or issues by analyzing the collected data to determine consumer behaviour, preferences, and trends.
Marketers use data to identify problems or issues by analyzing the collected data to determine consumer behaviour, preferences, and trends. They look for any correlations between consumer actions, buying habits, and the products/services offered. With this data, marketers can identify areas of improvement, such as the need for new products/services, better customer service, or changes in marketing campaigns. By using the data to identify issues, marketers can make decisions that will benefit the company in the long run.
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consuming 6 widgets provides 295 total utility, while consuming 7 widgets provides 320 total utility. what is the marginal utility of consuming the seventh widget?
Answer:
The marginal utility of consuming the seventh widget is 25.
What is marginal utility?
Marginal utility is the additional satisfaction a consumer obtains from the consumption of one additional unit of a good or service. To put it another way, marginal utility is the change in total utility resulting from consuming one more unit of a product or service.
Step-by-step explanation:
Marginal utility formula: MU = (ΔTU) / (ΔQ)
Where, MU = marginal utility
ΔTU = change in total utility
ΔQ = change in quantity
What is total utility?
Total utility is the sum of all the marginal utility obtained from consuming a given amount of a good or service, i.e. the overall satisfaction received from a consumer's consumption of a good or service. The overall satisfaction is assessed by the total utility. The formula for total utility is:
[tex]TU = (MU₁ + MU₂ + MU₃ + MU₄ + MU₅ + MUₙ) + initial satisfaction[/tex]
The following is a solution to the problem: Consume 6 widgets, and the total utility is 295.
[tex]TU₁ = 295[/tex]
Consume 7 widgets and the total utility is 320.
[tex]TU₂ = 320[/tex]
The marginal utility of consuming the seventh widget is 25.
[tex]MU = (ΔTU) / (ΔQ)MU[/tex]
[tex]= (TU₂ - TU₁) / (7 - 6)MU[/tex]
[tex]= (320 - 295) / 1MU = 25[/tex]
Therefore, the marginal utility of consuming the seventh widget is 25.
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as a shareholder in a public company, what are the benefits available to you?
Answer:Shareholders essentially own the company, which comes with certain rights and responsibilities. This type of ownership allows them to reap the benefits of a business's success. These rewards come in the form of increased stock valuations or financial profits distributed as dividends.
Explanation:
a major trend in data analytics is the use of artificial intelligence to focus on small data which is more precise, using small datasets that are capable of impacting decisions in the present. this is known as ai.
A major trend in data analytics is the use of artificial intelligence to focus on small data which is more precise, using small datasets that are capable of impacting decisions in the present. This is known as narrow AI.
What is narrow AI?Narrow AI, often known as weak AI, is a type of artificial intelligence that is limited to a particular task. It is distinct from general AI, which is meant to be capable of accomplishing any intellectual task that a human being can. Narrow AI is commonly utilized in things like voice assistants, image and speech recognition, and data analytics.
The term narrow AI refers to an AI system that is designed to do a single task, such as playing chess or analyzing data. It cannot do anything else beyond the job it was built for. In contrast to general AI, which is designed to understand and learn from a wide range of tasks, narrow AI is developed to work on a limited number of them.
Data analytics is an analytical approach that entails extracting data from several sources, cleansing and categorizing it, and then interpreting and utilizing it to make informed decisions. It is frequently used to find trends and relationships in data, allowing businesses to make better-informed judgments. AI, or artificial intelligence, is frequently used in data analytics to assist with the analysis of large quantities of data to uncover trends and patterns.
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Which of these explains why authority is most effective in a hierarchy? Multiple Choice a. Building a consensus requires multiple managerial ranks. b. Without tiers of authority, unity in decision making could not be achieved. c. Without tiers of authority, it would be difficult to get things done. d. A hierarchy is key to building consensus.
Answer:
Without tiers of authority, it would be difficult to get things done.
Building a consensus requires multiple managerial ranks.
A hierarchy is key to building consensus.
Without tiers of authority, unity in decision-making could not be achieved.
answer .b
Explanation:
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In order for family-managed businesses to survive and prosper, management guru Peter Drucker advises them to:
A. fill at least one key position with a nonfamily member.
B. discontinue hiring family members.
C. allow for minimal performance by family members.
D. exclude outsiders while planning succession.
E. hire family members alone.
Option A is correct. In order for family-managed businesses to survive and prosper, management guru Peter Drucker advises them to fill at least one key position with a nonfamily member.
First off, bringing in a non-family member can give the company new perspectives and fresh ideas. Family members are frequently firmly rooted in conventional practices and may be resistant to change. A non-family member can challenge the status quo and offer fresh perspectives, which will spur innovation and expansion.
Second, a non-family member can offer a level of objectivity that a family-run business might be missing. Family members may be biased or emotionally invested in a particular outcome, which can impair their judgment. A non-family member can provide an objective viewpoint and make decisions that are best for the company rather than their own interests.
Thirdly, putting a non-family member in a crucial position can help the company become more professional. Sometimes, family-run businesses don't have the systems and procedures of a professional company. In areas like finance, marketing, or operations, a non-family member can bring professionalism and expertise, enhancing the effectiveness and efficiency of the company.
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The complete question is:
Suppose that after you review the history of many successful entrepreneurial ventures, a few of them stand out in your mind as interesting:
- Fit after Fifty exercise studios that support the health of older Americans.
- Visionics biometric software that can assist in identifying runaways, shoplifters, or terrorists.
- Nanostring's molecular bar coding enterprise.
- The tourism industry at Mount St. Helens, a volcano in the United States that erupted in 1980.
Ques- In order for family-managed businesses to survive and prosper, management guru Peter Drucker advises them to
A. Grow as aggressively as possible.
B. Discontinue hiring family members.
C. Fill at least one key position with a non-family member.
D. Sell the business as soon as possible.
E. Allow for some diminished performance by family members
Identify a true statement about delegating responsibilities in organizations.
A.Additional responsibilities for employees adversely affect the morale of lower-level management.
B.It is a random assignment of jobs followed by waiting for them to be completed.
C.A supervisor who delegates gets enough time for supervisory jobs like planning and counseling.
D.It enables a supervisor to improve change management initiatives in the organization.
A valid statement regarding distributing responsibilities in companies is that a supervisor who does so has enough of time for supervisory tasks like planning and advising.
Which delegation alludes to the assignment of tasks and decision-making authority to a person who answers to a leader?The division of work and assignment of decision-making authority to a person who answers to a leader or manager is referred to as delegation of authority. It is an organisational technique in which a management assigns each employee a portion of their own workload.
Does the company give people in lower level positions the power to make decisions?Power is transferred from the top levels of an organisation to lower levels through decentralisation. Decentralized units are organised and given authority to make decisions in their area.
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an extended car warranty or vehicle service contract could protect you against surprise car bills. but that piece of mind could come at a steep __________ if you wind up paying for identical coverage that came free with your manufacturer warranty.
An extended car warranty or vehicle service contract can protect you against unexpected car bills, but it can come at a steep cost if you wind up paying for coverage that was already included in the manufacturer warranty.
This is because many of the services and components that are covered by the extended warranty may already be included in the original manufacturer's warranty. Before signing up for an extended warranty, it is important to make sure you understand what is and isn't included in the original manufacturer's warranty, as well as any differences in the coverage and cost of the extended warranty. Additionally, it is also important to consider whether the services offered by the extended warranty are ones that you would actually use. Doing this research ahead of time can help save you from buying unnecessary coverage and paying a higher price than necessary.
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which of the following questions is an example of how managers can use bi to answer tough business questions? Where has the business been?Where is the business now?Where is the business going?
The following question is an example of how managers can use "BI" to answer tough business questions: "Where is the business going?"
How can managers use "BI"?Business intelligence (BI) is a term used to describe the use of software and technology to analyze business data. Managers can use BI to answer challenging business questions that require more in-depth analysis of complex data sets.
BI software aids decision-making by delivering easy-to-understand, real-time, and predictive data that allows users to make informed decisions. To make the most of the benefits of BI, managers must choose the correct queries to ask, which may include anything from what sort of products clients are interested in to which internal processes are most time-consuming. Therefore, the following question is an example of how managers can use BI to answer tough business questions: "Where is the business going?"
What is the importance of BI?BI is beneficial in that it provides an organization with useful information that helps to streamline processes, enhance decision-making, and reduce operational expenses. It also allows users to easily see what is happening within an organization in real-time, allowing them to take immediate action on any issues that arise. Furthermore, it is a powerful tool that allows for trend analysis and forecasting, which aids in the development of long-term plans and objectives.
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Answer:
"Where is this business going" would be correct.
Explanation:
