Staffing content area The budget is a non-manufacturing company's main budget.
How would you define business?A person is conducting business when they create goods or offer services with the goal of making a profit. Business Definition. A business is a creative organization or team that partakes in professional responsibilities. They might well be professional, industrial, or another type else.
What makes business so crucial?Our lives depend heavily on business. They start by producing things and services to meet our needs and desires. Then, they enlist homes as workers as well as treat them to earnings, salaries, and perks. As a result, it turns into a source of revenue for them, which they may utilize to maintain their way of life.
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The complete question is-
The primary budget in a nonmanufacturing business is the _____ budget.
a. selling and administrative expenses
b. staffing
c. capital expenditures
d. cash
which of the following statements is prepared using modified accrual accounting? a. general fund balance sheet b. agency fund operating statement c. enterprise fund operating statement d. investment trust fund balance sheet
General fund balance sheet is prepared using modified accrual accounting.
What is meant by balance sheet?An organization's assets and liabilities at a given point in time are described in detail in a balance sheet, which is a financial statement. One of the three essential financial statements, along with the income statement and cash flow statement, which are used to assess a company's performance.An organization's or company's "book value" is expressed in detail in a balance sheet, a financial document.The balance sheet, also known as the Statement of Financial Position, acts as a quick snapshot and offers the most complete view of an organization's financial condition. It gives information on the assets (what the company owns) and liabilities of the company (what is owed).To learn more about balance sheet refer to:
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Danielle williams is a 29-year-old single taxpayer who changed jobs during the year. When she left her first job, she decided to take a total distribution from the 401(k) plan she had established with her former employer. She then used the proceeds to make a down payment on a new car. In early 2022, she received the following form 1099-r reporting the distribution. Her only other income was from wages, and her 2021 taxable income was $51,350. What will be the amount of the penalty for the early withdrawal from her 401(k) plan, if any?.
Answer:
The penalty for the early withdrawal from Danielle's 401(k) plan would be 10%, which works out to be $5,135.
Explanation:
suppose that monetary neutrality and the fisher effect both hold and the money supply growth rate has been the same for a long time. other things the same a higher money supply growth would be associated with . question 34 options: both higher inflation and higher nominal interest rates. neither a higher inflation rate nor a higher nominal interest rate. a higher inflation rate, but not higher nominal interest rates. a higher nominal interest rate, but not higher inflation.
Monetary neutrality and the fisher effect both increase the money supply growth rate increasing the inflation and nominal rate at the same rate.
What is the Fisher effect?
The relationship between inflation and both real and nominal interest rates is outlined in the Fisher Effect, an economic hypothesis developed by economist Irving Fisher. According to the Fisher Effect, the real interest rate is equal to the nominal interest rate less the anticipated inflation rate.
Irvin Fisher, an economist, is credited with creating the Fisher effect. The impartiality of money has a direct bearing on this effect. It claims that real interest rates are stable in economies and that variations in nominal interest rates are a function of changes in anticipated inflation.
Hence/Therefore,
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how to calculate federal funds target rate with target inflation rate current inflation rate real equilibriujm federal funds rate and output gap
When inflation exceeds the Fed's inflation objective, the rule calls for a higher federal funds rate, and if inflation is below target, a lower one.
How are federal funding rates targeted determined?The Taylor Rule is a formula that central bankers can use to calculate what their overnight interbank lending rate goal should be based on variables including actual inflation, an inflation objective, actual output, potential production of the economy, and an estimate of the equilibrium real fed.Maintaining stable pricing is one of the Fed's primary objectives, along with low unemployment. Since 1996, Fed policymakers have often held the position that their goal was to achieve an inflation rate of about 2%.When inflation exceeds the Fed's inflation objective, the rule calls for a higher federal funds rate, and if inflation is below target, a lower one.To learn more about Federal funds rate refer to:
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Federal Funds Target Rate = Real Equilibrium Federal Funds Rate + Target Inflation Rate - Current Inflation Rate - Output Gap
Output Gap = The difference between actual Gross Domestic Product (GDP) and potential GDP
The federal funds rate is the rate at which banks lend their reserves to other banks overnight. The Federal Reserve sets the target federal funds rate, which is currently 150 points or 1.50 percent.
The federal funds rate is calculated using the real equilibrium funds rate, which is the federal funds rate that balances the economy in the long run.
The real equilibrium federal funds rate is determined by several factors, including the target inflation rate, the current inflation rate, and the output gap.
The formula for calculating the federal funds target rate is as follows:
Federal Funds Target Rate = Real Equilibrium Federal Funds Rate + Target Inflation Rate - Current Inflation Rate - Output Gap
where:
Real Equilibrium Federal Funds Rate = Federal Funds Rate that balances the economy in the long run
Target Inflation Rate = The inflation rate targeted by the Federal Reserve
Current Inflation Rate = The current rate of inflation
Output Gap = The difference between actual Gross Domestic Product (GDP) and potential GDP
The federal funds rate target can be adjusted by the Federal Reserve depending on the state of the economy and inflation levels.
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how is a jingle different from a slogan
Answer:
A jingle is a short tune or phrase that is used to advertise a product or service. It is usually catchy, memorable and includes the product’s name or message. A slogan is a short, memorable phrase that is associated with a product or service. It is used to create an image in the public’s mind of what the product or service is about and is designed to create an emotional connection with the customer.
Explanation:
Answer:
Slogans are often shorter than jingles and do not have a melody.
Explanation:
What were jingles and slogans used for?
Jingles are an element of branding – Just as a brand's logo or tagline are a way to identify a brand with your eyes and ears, jingles are a uniquely identifiable audio clip that draws on consumers' hearing senses to identify your brand.
thirty percent of the cfa candidates have a degree in economics. what is the popbability that none of them have a degree in econmics?
The probability that none of them have a degree in economics is 0.657.
We need to calculate
P (X > = 1)
= 1 - P(X =0)
= 1 - (1-0.30)^3
= 0.657
Hence, Option C is Correct
The complete question is:
Thirty percent of the CFA candidates have a degree in economics. A random sample of three CFA candidates is selected. What is the probability that at least one of them has a degree in economics?
1. 0.300
2. 0.343
3. 0.657
4. 0.900
Candidate for Level I CFA
You are regarded as a candidate for the CFA Level I if you are presently preparing for the Level I test. You may do this in a number of different ways on your resume. One strategy is to identify as a Level I candidate for the CFA.
The Excel’s function BINOM.DIST can be used.
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hearth company uses the units-of-production method to estimate depreciation. the company purchased a new machine for $38,000 that will produce an estimated 230,000 units over its useful life. the estimated residual value of the machine is $2,000. what is the depreciation rate per unit?
The depreciation rate per unit for Heatherbrae Co. is $0.133. The unit-of-production depreciation method estimates the depreciation expense per unit by dividing the depreciable amount by the estimated useful life of the asset.
For each period, the depreciation expense per unit is multiplied by the units of production to determine the period's total depreciation expense.
Data and Calculations:
Cost of machine = $48,000
Residual value = $4,000
Depreciable amount = $44,000 ($48,000 - $4,000)
Estimated useful life in units = 330,000
Depreciation expense per unit = $0.133 ($44,000/330,000)
Thus, the depreciation rate per unit for Heatherbrae Co. is $0.133.
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lisa, age 45, needed some cash so she withdrew $57,500 from her roth ira. at the time of the distribution, the balance in the roth ira was $200,000. lisa established the roth ira 10 years ago. over the years, she has contributed $21,500 to her account. what amount of the distribution is taxable and subject to early distribution penalty (if any)?.
amount of the distribution is taxable and subject to early distribution penalty is $0
Which of the following statements describes a defined benefit pension plan?The contribution rate is variable, but the retirement benefit is known in advance.
What best describes a defined contribution plan?A defined contribution plan, on the other hand, does not promise a specific amount of benefits at retirement. In these plans, the employee or the employer (or both) contribute to the employee's individual account under the plan, sometimes at a set rate, such as 5 percent of earnings annually.
Which of the following statements characterizes defined benefit plans?Which statement characterizes defined benefit plan? * Defined benefit plans are comparatively simple in construction and raise few accounting issues for employers. Retirement benefits are based on the plan's benefit formula
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country a has a comparative advantage over country b in the production of shoes, if a. country a can produce shoes at a lower monetary cost than country b can. b. country a can produce shoes using fewer resources than country b can. c. the demand for shoes is higher in country a than in country b. d. country a can produce shoes at a lower cost in terms of other goods than country b can.
Country a has a comparative advantage over country b in the production of shoes, Country A can produce shoes at a lower cost in terms of other goods than other B.
What do you have been comparative advantage?
In an economic model, agents who can produce a particular good at a lower relative opportunity cost or autarky price—that is, at a lower relative marginal cost before trade—have a competitive advantage over rivals. Someone has a comparative advantage if they can produce something for less money than anyone else. Superiority in a particular field is different from comparative advantage.To know more about Comparative advantage here
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monopolists are able to set the price for their good. nevertheless, monopolists face a tradeoff in raising price because a higher price.T/F
A monopolist is free to set prices or output quantities, but not both because he faces a downward-sloping demand curve. He can't have a high price and a high sales quantity: if he has a high price, people will buy less. (True)
What is Monopoly?An industry is defined as a group of companies that produce the same good. A monopoly is a market with a single supplier.
Monopoly = A single company in an industry with no close substitutes.
A monopolist is a person or business that has a monopoly. "production by a monopolist is cheapest". A monopolist refers to an individual, company or business that leads and controls the market of a specific product or service.
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barry and mary have accumulated over $4.4 million during their 50 years of marriage. they have two children and five grandchildren. how much money can they gift to their children in 2020 without any gift tax liability
The amount, Barry and Mary can give to their children in 2020 without paying the gift tax is $60,000
How to calculate Tax-free gifts?In 2020, you can give gifts up to $15,000 with no tax or reporting requirements.
Tax-free gifts = $15,000 x number of children x number of spouses giving gifts
= $15,000 x 2 x 2
= $60,000
What is the annual gift tax deduction?Annual gift tax deduction include: 2013-2017 ($14,000). 2018-2021 ($15,000). 2022 ($16,000). 2023 ($17,000).
Each year, each person could give another person up to US$15,000 (2020). This could be US$30,000 per year per child from parents without paying taxes or filing a Lifetime Gift Tax Exempt form.
What does the gift tax do?Gift tax applies to all types of gifts. You make a gift when you transfer property (including money), or the use or income of property, without expecting a return of at least equal value.
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finding significant differences is exciting to marketing researchers because it means that the researcher will have something that is potentially very useful to report to the client. true false
Marketing researchers enjoy discovering major variances since it indicates they will have information that might be extremely beneficial to relay to the customer. The statement is accurate.
Marketing research is the methodical gathering, recording, and analysis of qualitative and quantitative data about marketing-related problems for goods and services. Discovering and analyzing the effects of modifying marketing mix components on consumer behavior is the goal.
This entails defining the data needed to solve these concerns, devising the information gathering strategy, and overseeing and putting the data collection process into practice. These outcomes and conclusions, together with their ramifications, are communicated to those with the authority to take action on them after data analysis.
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year 1 2 3 4 5 free cash flow $25 million $28 million $32 million $36 million $41 million home industries is expected to generate the above free cash flows over the next five years, after which free cash flows are expected to grow at a rate of 4% per year. if the weighted average cost of capital is 10% and home industries has cash of $20 million, debt of $40 million, and 100 million shares outstanding, what is the expected current share price of home industries?
Free cash flow at Year 6 = FCF 5 x (1 + Growth rate) = 32 x 1.03 = $32.96. Business value at Year 5 = 32.96 / (0.06 - 0.03) = $1,098.6667 million.
What is cash flow? Cash flow is the money that comes in and goes out of a company. It is the generation of income and the payment of expenses. Cash inflows result from either the generation of revenue through the selling of goods and services, money borrowed, or money earned through investments.If more cash is coming into the company than leaving the company, you are experiencing positive cash flow. But if more cash is leaving the company than coming into the company, then you are experiencing negative cash flow. Keep in mind that just because you are experiencing negative cash flow for the moment doesn't mean you are going to suffer a loss, because cash flow is dynamic. Cash flow is reported on the company's cash flow statement, which is also called a statement of cash receipts and disbursements.
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using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $55,000. if the balance of the allowance for doubtful accounts is an $11,000 debit before adjustment, what is the balance after adjustment?
$66,000 is the adjusted balance. One method credit card companies employ to estimate a cardholder's finance account is adjusted balance.
One of numerous ways used by credit card companies to determine a cardholder's finance charge is the adjusted balance. The latter is the cost incurred when a cardholder doesn't pay their entire balance by the due date of each month, choosing instead to carry a load from month to month.
The current billing cycle's payments and credits are deducted from the prior balance at the end of the previous billing cycle when determining your financing charge using the adjusted balance method. The adjusted amount does not include any new charges that are accrued during the billing period.
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alphabet company, which uses the periodic inventory method, purchases different letters for resale. alphabet had no beginning inventory. it purchased a thru g in january at $9.00 per letter. in february, it purchased h thru l at $11.00 per letter. it purchased m thru r in march at $12.00 per letter. it sold a, d, e, h, j and n in october. there were no additional purchases or sales during the remainder of the year. if alphabet company uses the weighted average method, what is the cost of its ending inventory? (round the per unit cost to two decimal places and then round your answer to the nearest whole dollar.)
Using weighted average method, the cost of its ending inventory is $67.
Ending inventory = 5.56* 12 = 67
Weighted average method:
The weighted average considers the relative frequency or relevance of particular variables in a data set.
Sometimes a weighted average is more precise than a basic average.
In a weighted average, the allocated weight is multiplied by each data point value, which is then added together and divided by the total number of data points.
Because of this, a weighted average can increase the accuracy of the data.
Investors in stocks use a weighted average to keep track of the cost basis of the shares they have acquired over time.
A weighted average, as opposed to a basic average, takes into account the relative weight or contribution of the items being averaged. As a result, it assigns more weight to the average items that happen relatively more frequently.
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a company is evaluating an investment which has an initial investment of $4,000. annual net cash flows are expected to be $2,000 over the next three years. the company requires a 10% annual return. the present value of $1 factor for 10% and 1 period is 0.9091; 2 periods is 0.8264; and for 3 periods is 0.7513. the break-even time is between: multiple choice question. 1 and 2 years 2 and 3 years 3 and 4 years 0 and 1 year
The break-even time is between: - 2 and 3 years.
Does NPV take original investment into account?Using the concept of net present value, all projected future cash flows, including the initial capital investment, are calculated as to their current value (NPV).
Net present value (NPV) is the current value of cash inflows minus cash outflows over a period of time (NPV). NPV is a metric used in capital budgeting and investment planning to assess the profitability of a proposed investment or project.
The current value of a stream of future payments, or NPV, is calculated using the appropriate discount rate. The general rule is that projects with a positive NPV are beneficial to pursue, whereas those with a negative NPV are not.
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a technology company wants to increase sales for their newest product, so they decide to invest in advertising and direct marketing for the product. this is an example of
Answer:
Traditional marketing or direct response marketing
A technology company wants to Increase sales for their newest product, so they decide to invest in advertising and direct marketing for the product. This is an example of traditional marketing or direct response marketing.
What is traditional marketing?Traditional marketing is the process of fulfilling the target audience’s needs using offline channels and making a profit out of it. In simpler terms, traditional marketing refers to the satisfaction of needs and wants for consumers via those marketing channels that existed before individuals had access to modern digital platforms.
It involves fulfilling the 4ps of marketing without making use of digital marketing channels. This traditional marketing mix includes: Building a product that operates and fulfils customers’ demands online. For example, a washing machine. Using a pricing strategy that’s not dependent on online channels. Using offline channels of distribution to reach out to the customers. Promoting the product using offline channels like TV, radio, newspapers, etc.
Traditional marketing encompasses a wide range of advertising and marketing strategies.
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how would you respond to a naysayer that says store business and concessions business will go down if we give out free hats and free food as part of group sales packages?
would let them know that it's a misconception Offering free food or drinks adds value to the customer without discounting products or services.
What is meant by products?
A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand.Products are sometimes referred to as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods.A form of product that is also considered is a service.In project management, products are the formally defined project deliverables that include or assist in achieving the project's goals.Product liability may apply to hazardous goods, particularly physical ones that harm users or bystanders.To learn about products refer to
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reverse culture shock occurs primarily because of the ease of reintegrating into the organization. true false
Reverse culture shock occurs primarily because of the ease of reintegrating into the organization.
The statement is true.
What do you mean by reverse culture shocks?
Re-entry, often known as reverse culture shock, is merely a typical reaction to coming home after studying abroad. It is a period of emotional and psychological readjusting, comparable to your initial acclimatization to living overseas.One gradually regains their emotional and psychological equilibrium as they accept differences and learn to fit into the new society. Some people finish this experience in a matter of weeks, while others may need months.To know more about Reverse culture here
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ron is searching for another job where his skills will be best used. lucy is looking for a job where she can make more money to help put her children through college. what is ron's employment status and what is lucy's?
Ron is searching for another job where his skills will be best used. lucy is looking for a job . Both Ron and Lucy are frictionally unemployed.
About Frictional unemployment:
Frictional unemployment is a form of unemployment that reflects the gap between voluntarily leaving one job and finding another. Therefore, it is sometimes called search unemployment, but it also includes the employment gap when moving from one job to another. Smooth unemployment is not necessarily a bad thing.
Frictional unemployment is spontaneous, so it can even be a sign of a healthy economy. This means employees are looking for new jobs and new careers.
Causes of frictional unemployment:Employees take time off to care for loved ones. An employee left an unsatisfactory position in search of a new job. Employees have the financial means to take time off from full-time work. People quit their jobs to pursue higher education.
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what are the consequences of bad logistics management for a company? select all that apply. a more paperwork b problems with customer relations c higher costs d longer hours
The consequences of poor logistics management for company include: customer relationship issues, higher costs and longer hours.
What leads to bad logistics?Poor time management. Increased costs and hidden costs due to lack of knowledge. Disruption of operational processes. I don't have the right software for live tracking.
What impact will logistics have on company?Successful logistics in business entails more effectiveness, lower costs, higher production rates, better inventory control, more efficient storage space utilization, higher levels of customer and supplier satisfaction, and better customer experiences.
What are the consequences of poor management for suppliers?In short, poor supplier performance costs a company money, time, and reputation, increases the risk of customer churn, and can even threaten a company's viability. The impact on suppliers is also negative. Efforts to ensure performance regressions can be fixed.
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which key strategic leadership action plays a key role in influencing how the firm conducts its business and regulates and controls employees' behavior?
How to Maintain a Successful Organizational Culture Strategic leadership action has a significant impact on how the company runs its operations and governs and controls employee behavior.
Which of the following describes strategic leadership's objective?The major goals of strategic leadership are to improve strategic productivity, foster creativity, and create an environment that motivates staff to work hard, act independently, and advance their own ideas.
What are the three phases of developing a leader?leadership's three phases- We are moving past the first stage of leadership. Let's examine the initial level of leadership, which focuses on action. building the conditions for excellence, from 2 to 3. In the third level, multifunctional leadership is discussed, the drive to increase.
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which of the following is not a market performance ratio?
A. debt ratio
Debt Ratio is not a market performance ratio
Market value ratios are financial measurements that assess stock prices, evaluate them in relation to competitors' stock prices as well as other data points.
These ratios monitor public corporations' financial results to help us better comprehend their place in the market and A financial measure called the debt ratio shows what proportion of a company's assets are financed by debt.
It is the ratio of total assets (the total of current assets, fixed assets, and other assets like "goodwill") to total debt (short-term and long-term obligations).
Total debt to total assets is the debt ratio.
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as the inventory control manager for a group of retail stores, henry calls the doubleblue jeans warehouse when he needs to restock this product because the manufacturer stores all of its products there. another name for this warehouse would be a
When xin-xu needs to restock this item, he contacts the bossie boots warehouse because the manufacturer keeps all of its products there. The correct response is A) self-service retailers.
Xin-xu is the inventory control manager for a collection of shoe stores. The term "distribution centre" could also be used to describe this warehouse. A distribution centre is a warehouse that often stocks a variety of goods, which are then distributed to the following.Retailers and wholesalers.
last or ultimate user because they believe they will frequently find the needed product there rather than having to visit wholesalers or retailers for the same product, the majority of customers tend to frequently visit this distribution centre for the items or product they need.
complete question:
As the inventory control manager for a group of retail stores, henry calls the doubleblue jeans warehouse when he needs to restock this product because the manufacturer stores all of its products there. another name for this warehouse would be a
A) self-service retailers
B) specialty stores
C) warehouse clubs
D) discount stores
E) factory outlets
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what document serves as a title to the goods in question under the document collection payment method?
Under the document collection payment method, a bill of lading acts as the products' legal title.
What is bill of lading?A carrier must provide a shipper with a bill of lading, which lists the kind, quantity, and final destination of the goods being transported.A bill of lading is a contract between a shipper and a carrier, a receipt for shipping goods, and a document of title.The carrier, shipper, and receiver must all have authorized representatives sign this document, which must also be included with the shipping items.A bill of lading can aid in preventing asset theft if it is managed and examined appropriately.It's critical to select the correct bill of lading because there are various varieties.For instance, a logistics company wants to ship gasoline from a factory in Texas (shipper) to a gas station in Arizona using a large vehicle (recipient). After pouring the gas onto the truck, a plant representative and the driver sign the bill of lading.The truck driver requests that the gas station employee sign the agreement once the carrier delivers the fuel to the Arizona gas station.Hence, Under the document collection payment method, a bill of lading acts as the products' legal title.
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Organizing is monitoring performance, comparing it with goals, and taking corrective action.a. Trueb. False
It is False that Organizing is monitoring performance, comparing it with goals, and taking corrective action.
Controlling is monitoring performance, comparing it with goals, and taking corrective action.
What is meant by performance monitoring?Performance monitoring is the systematic and routine observation of performance over time with the goal of creating or verifying performance records, identifying inefficient and ineffective practices, determining service needs, and—most importantly—detection of underperformance early on to prevent further performance degradation. It is the systematic monitoring and continuing assessment of an organization's performance in comparison to recognized performance benchmarks.
Due to its frequency and increased emphasis on observing everyday activities, performance monitoring differs from occasional performance auditing or review.
Performance monitoring aims to immediately identify the signs of underperformance and respond as soon as possible.
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a loan that requires the borrower to pledge specific assets as collateral is called a(n) loan.
An asset (such a car or piece of property) is pledged as security for a loan in a secured loan, making the asset a secured debt owed to the lender.
How do loans with security operate?
Loans that are secured by an asset are called secured loans. This means that the lender will ask you which of your assets you want to use as collateral when you apply for a secured loan. Following that, the asset will be subject to a lien held by the lender until the loan is returned in full.
What exactly is an asset?
An asset is something that has monetary value or the potential to be profitable. For instance, a machine, a financial instrument, or a patent
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which of the following is not one of the three main restructuring strategies? a. downsizing b. realigning c. leveraged buyouts d. downscoping
Downsizing is not one of the three main restructuring tactics.
What is Downsizing?Downsizing is not always involuntary. It is also used at other stages of the business cycle to create leaner, more efficient businesses. Eliminating any part of an organizational structure that is not directly adding any value to the final product is a production and management philosophy known as lean enterprise.According to the production principles of lean enterprise, any component of a business enterprise that fails to directly benefit a final product is superfluous. What is valuable (and conversely, what is not valuable) is determined by the customer based on the amount they are willing to pay for a good or service.Downsizing can also be carried out to align the firm's skill and talent with the broader market. For example, a company may pursue downsizing to weed out employees with obsolete skills that may not be useful in its future direction.To learn more about organizational structure refer to:
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you are offered a job at xyz corp. a friend emails you an article indicating the company has been funding questionable research that may be causing irreparable damage to a specific ecosystem. you notice in the code of ethics that you will be required to sign a non-disclosure agreement and a statement saying if you leave for any reason, you will be barred from working for a similar company for one year. do you take the job, why or why not?
A friend emails you an article indicating the company has been funding questionable research that may be causing irreparable damage to a specific ecosystem.
What is ecosystem?An ecosystem is a geographic area where plants, animals, and other organisms, as well as weather and landscape, work together to form a bubble of life. Ecosystems contain biotic or living, parts, as well as abiotic factors, or nonliving parts. Biotic factors include plants, animals, and other organisms. Abiotic factors include rocks, temperature, and humidity.Every factor in an ecosystem depends on every other factor, either directly or indirectly. A change in the temperature of an ecosystem will often affect what plants will grow there, for instance. Animals that depend on plants for food and shelter will have to adapt to the changes, move to another ecosystem, or perish.Ecosystems can be very large or very small. Tide pools, the ponds left by the ocean as the tide goes out, are complete, tiny ecosystems.
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according to the resource-theory of the firm discussed in mcnett's article the ethics of workplace diversity, the main reason for an organization to have a more diverse workforce would be
To draw in the most exceptional and varied talent that can give one a competitive edge in various areas.
How do you define resource-based theory?
According to resource-based theory, a corporation is best positioned for long-term success if it has access to valuable, uncommon, difficult-to-replicate resources. These strategic resources can act as a springboard for developing solid competencies that, over time, may result in improved performance.
What does the word "resources" mean?
It means a source of supply or support—an option. A natural source of riches or income; generally used in the plural. Frequently used in the plural.: a natural phenomenon or feature that improves the standard of living for people.
The original question is:
According to the resource theory of the firm discussed in McNett's article the ethics of workplace diversity, the main reason for an organization to have a more diverse workforce would be _______.
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