The philanthropic model of corporate social responsibility (csr) holds that just as individuals have no ethical obligation to contribute to charity or to do volunteer work in their community, business has no strict ethical responsibility to serve wider social goods.
What is philanthropic model?
A corporation's intentions, ambitions, and ambitions for actively bettering society as a whole are referred to as its philanthropic responsibility. Corporate philanthropy heavily emphasizes the giving of funds from firm profits to deserving causes in the neighborhood, frequently in the form of a trusts or foundation.
What is CSR?
Corporate social responsibility (CSR) is a type of international private business self-regulation that tries to support charitable, activist, or philanthropic social goals by participating in or encouraging volunteer work or other morally upstanding behaviors.
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When a company has a diverse workforce, which of the following is likely to
be true?
A. Wages can be decreased.
B. There is potential for discrimination.
C. The workforce will be all male.
D. HR managers will be all males.
The correct option is D. When a company has a diverse workforce, HR managers will be all males is likely to be true.
Because every team member—from the leadership to the frontline staff to mobile workers—brings their own distinct backgrounds, experiences, and viewpoints to the table, workplace diversity fosters creativity and innovation.
How does diversity affect the workplace?Productivity is strongly impacted by the greater variety of talents and abilities that come with workplace diversity. Because diverse employees have a range of talents, skills, and preferred fields of work, workplaces with greater variety typically have higher productivity.
Beyond political correctness, a diverse workforce has several advantages. Including people from all backgrounds and viewpoints can promote better decision-making, more innovation, and increased workplace engagement. Additionally, it might enhance a business's reputation and make it simpler to draw in top employees.
Thus, The right answer is D. A corporation is more likely to have all male HR managers if its workforce is diverse.
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which product exists in a monopolistically competitive market?
Numerous businesses provide competitive products or services that are similar but not exact substitutes. A monopolistic competitive market is present.
Clothing and hair salons are two examples of sectors with monopolistic competition. When businesses provide rival goods or services that are comparable but imperfect substitutes, monopolistic competition exists.
A monopolistic competitive industry has low entry requirements, and decisions made by any one firm do not directly affect those of its rivals. The pricing and marketing choices made by the rival companies serve as their points of differentiation.
Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and includes businesses with comparable but distinct product offerings.
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Answer:
clothing
Explanation:
I learn today that monopolistically competitive is something with varity like cloths there are plenty of options
walmart operates via a number of brands around the world (e.g., asda in the united kingdom).
Walmart operates globally under various brands, including Asda in the United Kingdom. These brands allow Walmart to cater to local markets while leveraging its global presence, expertise, and resources.
Walmart's strategy of operating under different brand names in different countries helps the company adapt to local preferences, cultural nuances, and market conditions. By utilizing local brands, Walmart can establish a stronger connection with customers and build trust within the local communities. The use of different brands also enables Walmart to differentiate its offerings and target specific customer segments more effectively. Each brand may have its own brand identity, product assortment, pricing strategy, and customer experience, tailored to meet the needs and preferences of the local market. This multi-brand approach allows Walmart to maintain a global presence while being responsive and adaptable to the diverse markets it operates in, enhancing its competitive advantage and market share worldwide.
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why is it necessary to keep account or financial records while doing vegetable farming
Answer:
record keeping is a necessary element of good livestock business management.. if farmers have farm record they can tell how well they are managing their farm in comparison to other farmers. they can also see the strength and weakness in their farm operation...
question 2 what is the present value (i.e., price) today of a bond that will pay its owner $ 1 , 000 , 000 $1,000,000 five years from today if the discount rate is 4 % 4% per annum?
The amount of the present value (price) of the bond is $820,357.46.
A bond is a fixed-income financial security that is a debt instrument issued by corporations and governments to finance their operations. When you buy a bond, you're essentially lending money to the entity that issued it in exchange for receiving a set amount of interest over time.
The present value (i.e., price) today of a bond that will pay its owner $ 1,000,000 in five years from today if the discount rate is 4% per annum can be calculated using the present value formula.
future value (FV) = $1,000,000, discount rate = 4%, time to maturity (n) = 5 years.
The present value (PV) of the bond can be calculated as follows:
PV = FV / (1 + r)n
Where;r = discount rate= 4% = 0.04
n = time to maturity= 5 years
FV = Future Value= $1,000,000
Putting the values in the above formula;
PV = $1,000,000 / (1 + 0.04)5= $820,357.46
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You have been recruited as a Supply Chain Manager by XYZ Inc. in
India to manage their Logistics and related Supply Chain
strategies. XYZ Inc. is facing various difficulties in shipping
from India to manage their Logistics and related Supply Chain strategies. XYZ Inc. is facing various difficulties in shipping from India to Canada importing numerous 20-foot containers of electronic equipment and distributing them within Canada and the US. After reading the above situation, on a group basis, please research, analyze, and discuss the following:
Que 1: What are the constraints you may face in assisting XYZ Inc. in assessing its logistics strategy? What are your recommendations to have the best-applied system for their freight movements?
As the Supply Chain Manager for XYZ Inc., there are several constraints you may face in assessing the company's logistics strategy for shipping from India to Canada and distributing electronic equipment in Canada and the US. These constraints can include:
1. Transportation Costs and Infrastructure: Shipping goods internationally involves significant transportation costs, including freight charges, customs duties, and port fees. The availability and reliability of transportation infrastructure, such as ports, roads, and railways, can also impact the efficiency of freight movements. Assessing and optimizing these costs while ensuring timely and secure deliveries will be crucial.
2. Customs and Regulatory Compliance: International shipping involves compliance with complex customs regulations and documentation requirements. Delays or errors in customs clearance can result in additional costs and shipment delays. Understanding the customs procedures and ensuring compliance with regulations will be essential for smooth logistics operations.
3. Supply Chain Visibility and Traceability: Tracking and monitoring the movement of containers and goods across multiple stages of the supply chain is crucial for effective logistics management. Lack of visibility can lead to inventory inaccuracies, delays, and inefficiencies. Implementing systems and technologies for real-time tracking and traceability can improve supply chain visibility and enhance decision-making.
4. Inventory Management and Warehouse Optimization: Managing inventory levels and warehouse operations efficiently is vital to minimize costs and ensure the availability of products. Optimizing warehouse layout, implementing inventory control systems, and utilizing demand forecasting techniques can help in achieving better inventory management.
5. Supplier and Carrier Management: Establishing strong relationships with suppliers and carriers is essential for reliable and cost-effective logistics operations. Assessing and selecting the right partners, negotiating favorable contracts, and monitoring performance can help in ensuring smooth freight movements and mitigating risks.
To have the best-applied system for XYZ Inc.'s freight movements, the following recommendations can be considered:
1. Conduct a comprehensive analysis of the current logistics operations, including costs, performance metrics, and customer satisfaction levels. Identify areas of improvement and cost-saving opportunities.
2. Collaborate with key stakeholders, including suppliers, carriers, and customs authorities, to understand their requirements and align strategies for efficient logistics operations.
3. Implement a robust transportation management system (TMS) to optimize route planning, consolidate shipments, and track deliveries in real-time. This will enhance visibility and enable proactive decision-making.
4. Develop a risk management plan to address potential disruptions, such as port strikes, natural disasters, or regulatory changes. Identify alternate transportation routes and backup suppliers to minimize the impact of unforeseen events.
5. Invest in data analytics and business intelligence tools to gain insights into logistics performance, identify bottlenecks, and drive continuous improvement. Utilize predictive analytics for demand forecasting and proactive inventory management.
6. Continuously monitor and evaluate logistics performance through key performance indicators (KPIs) such as on-time delivery, cost per unit shipped, and customer satisfaction. Regularly review and refine the logistics strategy based on performance metrics.
By addressing these constraints and implementing these recommendations, XYZ Inc. can achieve an optimized logistics strategy that enhances efficiency, reduces costs, and improves customer satisfaction in their shipping operations from India to Canada and the US.
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alexa inc. recorded the following deferred tax amounts. dec. 31, 2019 dec. 31, 2020 deferred tax liability $10,000 $17,000 deferred tax asset 26,000 12,000 if the company had current tax expense of $52,000 in 2020, determine total income tax expense for 2020.
The total income tax expense for 2020, given the tax expense and the deferred taxes, is $73, 000
How to find the total income tax expense?In a given year, a company would have to pay the current tax expense that they calculated. However, given the difference between depreciation methods between tax authorities and the company, there might be a deferred tax expense that needs to be paid off.
The total income tax is therefore:
= Current tax expense + Deferred tax expense
= 52, 000 + ( (17, 000 - 10, 000) + ( 26, 000 - 12, 000))
= $73, 000
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What type of selling presentation method is best to use when the salesperson
is inexperienced and is selling a non-technical type of product?
a. formula selling
b. consultative selling
c. one-on-one selling
d.prepared sales presentation
Answer: Prepared sales presentation.
Explanation:
prepared sales presentation is the type of selling presentation method is best to use when the salesperson is inexperienced and is selling a non-technical type of product. Hence, option D is correct.
What is selling presentation method?A sales presentation, also known as a sales pitch, is a line of argument intended to persuade someone or something. It uses a carefully thought-out sales presentation strategy for a product or service that is intended to open and close a deal.
To allow plenty of room for the additional details, the four categories—memorized, persuasive selling, need-satisfactio, and problem-solution are presented in a zig-zag pattern.
In general, memorized or persuasive selling is preferable while giving a sales presentation. However, the requirements-satisfaction or problem-solution strategies are best if you need to comprehend customer priorities or uncover customer wants or problems.
Thus, option D is correct.
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why do you think kathryne auen agreed to the changes in her will
There could be various reasons why Kathryne Auen agreed to the changes in her will, including life events, financial considerations, changes in relationships, and legal or tax implications.
The reasons why Kathryne Auen agreed to the changes in her will as it involves personal decisions and motivations. However, some common reasons for individuals making changes to their estate, such as the estate of Auen, include:
1. Life events: Changes in personal circumstances, such as marriage, divorce, the birth of children or grandchildren, or the death of a beneficiary, might lead to adjustments in the will.
2. Financial considerations: An individual may need to update their will to reflect changes in their assets or liabilities, ensuring the estate is distributed according to their current financial situation.
3. Changes in relationships: Over time, relationships with beneficiaries or executors may evolve, prompting the individual to reassess their will.
4. Legal and tax implications: Updates to tax laws or legal regulations might necessitate modifications to the will to ensure compliance and optimal tax planning.
So, there could be various reasons why Kathryne Auen agreed to the changes in her will, including life events, financial considerations, changes in relationships, and legal or tax implications. However, without knowing her specific circumstances, it's impossible to pinpoint the exact reason.
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Please help me
Lightning Transport, a high-speed train that is in development but has not begun construction, is an example of a company with
A - existing demand right now and good projection for demand in the future
B - existing demand right now but poor projection for demand in the future
C - no existing demand right now and poor projection for demand in the future
D - no existing demand right now but good projection for demand in the future
Lightning Transport, a high-speed train that is in development but has not begun construction, is an example of a company with existing demand right now and a good projection for demand in the future. Thus, option A is correct.
What is development?
Growth, advancement, improvement, or the inclusion of physical, commercial, economic, sociological, and epidemiological components are all products of evolution are termed as development.
Lightning Transport seems to be an example of a business having power needs and a strong forecast for future demand. Lightning Transport is a greater rail that is under creation but has yet to began construction.
This suggests that there will be a demand that is needed in the future which will help in efficiency and technology. Therefore, option A is the correct option.
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Answer: I say (D) or (A) Because each one has a good projection for demand.
Explanation: They dont really have an existing demand because people have cars. I say D. I hope this helps as I am also quite confused.
marginal utility is an important economic concept because it:
Marginal utility is an important economic concept because it helps explain how individuals make decisions about what to consume and how much.
Marginal utility refers to the additional satisfaction a person receives from consuming one additional unit of a good or service. When the marginal utility of a good or service is positive, meaning it provides additional satisfaction, individuals will continue to consume more until the marginal utility becomes negative.
The point at which marginal utility is zero is the point at which the individual has achieved maximum satisfaction from consuming that good or service. Economic theory suggests that individuals will allocate their spending to maximize their total utility, or satisfaction.
Thus, the marginal utility is an important economic concept that explains how individuals allocate their resources to maximize their total utility. Marginal utility can also be used to determine the optimal level of production for firms, as it helps explain how firms should allocate their resources to maximize profits. The concept of marginal utility helps in making the rational choice by providing information about the value of each marginal unit of a good or service.
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Marginal utility is an important economic concept because it helps explain how individuals make decisions about what to consume and how much.
Marginal utility refers to the additional satisfaction a person receives from consuming one additional unit of a good or service. When the marginal utility of a good or service is positive, meaning it provides additional satisfaction, individuals will continue to consume more until the marginal utility becomes negative.
The point at which marginal utility is zero is the point at which the individual has achieved maximum satisfaction from consuming that good or service. Economic theory suggests that individuals will allocate their spending to maximize their total utility, or satisfaction.
Thus, the marginal utility is an important economic concept that explains how individuals allocate their resources to maximize their total utility. Marginal utility can also be used to determine the optimal level of production for firms, as it helps explain how firms should allocate their resources to maximize profits. The concept of marginal utility helps in making the rational choice by providing information about the value of each marginal unit of a good or service.
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Manufacturing Cycle Efficiency (MCE) is computed as: Throughput Time Delivery Cycle Time. Process Time Delivery Cycle Time. Value-Added Time Throughput Time. Value-Added Time Delivery-Cycle Time.
Manufacturing Cycle Efficiency (MCE) is computed as: Value-Added Time Throughput Time.
The amount of production time spent on activities that provide value is measured by manufacturing cycle efficiency. With the use of this knowledge, a company may eliminate non-value-added tasks and cut the time it takes to produce a good, lowering expenses.
Subtract the value-added production time from the total cycle time to determine cycle efficiency. As a point of reference, Total Cycle Time is the total of all processes involved in producing a unit from beginning to end.
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Walter is in dire need of $482. Out of other alternatives, he decides to take a cash advance on his credit card. His credit card has a cash advance fee of 3.4%. How much is his advance fee?
Walter needs $482 in urgent, and his credit card has a cash advance fee of 3.4%. Hence, his advance fees would be 3.4% of $482 which is $16.39.
What does place when you obtain a cash advance?A cash advance is a loan that your credit card company provides. When you obtain a cash advance, you are borrowing funds from the available credit on your credit card. This loan must be repaid, and the amount transferred cannot be greater than the balance that is currently available on your credit card.
What dangers exist with cash advances?When you take out a cash advance, especially one for a sizable sum, your utilization rate may rise, which could lower your credit score. One of the risks of credit card cash advances is a lower credit score. Cash advance grace periods do not exist.
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What is the belief that the british should have permission from the colonists before they pass taxes?
The belief that the British should have permission from the colonists before passing taxes is known as "no taxation without representation."
This belief held that the colonists, as British citizens, should have a say in the taxes they were required to pay. The colonists argued that they were being taxed without having any representation in the British government, which they believed was unjust. It was a central principle that led to the American Revolution, as the colonists believed they were being treated unfairly by the British government.
The slogan "No Taxation Without Representation" was used by the colonists to express their anger against the British government's efforts to raise revenue through taxes on the colonies. The British government's refusal to grant representation to the colonists in the British Parliament was one of the main reasons for the American colonies to declare their independence from British rule.
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1. what is a major risk of using a financial institution? (1 point) the financial institution may fail entirely. financial institutions may choose not to pay investors back. investors can be unable to withdraw money when they need it. insurance will not cover any losses incurred by a financial institution.
The major risk of using a financial institution is that the institution may fail entirely, which means that investors could lose their money.
While there are regulations and safety nets in place to prevent this from happening, such as FDIC insurance for banks, there is still a risk that the institution may not be able to pay investors back. Additionally, investors may not be able to withdraw their money when they need it if the institution experiences financial difficulties. Therefore, it is important for investors to carefully research and choose a reputable financial institution to minimize these risks.
A major risk of using a financial institution is that the financial institution may fail entirely, which could potentially make it difficult for investors to withdraw money when they need it.
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Explain why in an economy with fixed exchange rates, monetary policy will not cause expenditure switching.
Expenditure switching refers to switching back and forth between domestic and foreign goods, in this case, in response to a change in the exchange rate. Expenditure switching magnifies the effects of monetary policy when rates are flexible. In an economy with a fixed exchange rate, changes in the money supply will not cause expenditure switching because the exchange rate does not change.
In a fixed exchange rate system, where the exchange rate is fixed by the government or a central bank, changes in the money supply do not lead to changes in the exchange rate. As a result, expenditure switching does not occur, and the effects of monetary policy on the economy are limited.
Under a fixed exchange rate regime, the government or central bank commits to maintaining a specific exchange rate between its currency and another currency or a basket of currencies. To achieve this, the central bank intervenes in the foreign exchange market, buying or selling its currency to maintain the fixed rate.
In such an environment, changes in the money supply through monetary policy actions, such as adjusting interest rates or conducting open market operations, do not lead to changes in the exchange rate.
Since the exchange rate remains fixed, there is no incentive for individuals or businesses to switch their expenditures between domestic and foreign goods based on exchange rate fluctuations.
As a result, the effects of monetary policy on the economy are limited in terms of expenditure switching. Instead, in a fixed exchange rate system, monetary policy primarily focuses on maintaining the exchange rate target and ensuring price stability.
The central bank may adjust the money supply to manage inflationary pressures or support the exchange rate peg, but it does not induce expenditure switching through exchange rate movements.
Overall, in an economy with fixed exchange rates, the absence of expenditure switching eliminates one of the channels through which monetary policy impacts the economy.
Instead, the primary focus is on maintaining the fixed exchange rate and managing other macroeconomic objectives, such as inflation control or economic stability.
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Vegan Steaks had the best year ever, with sales of $4,500,000 and operating profit of $950,000. The balance sheet at the beginning of the year showed assets used in production with a cost of $20,000,000 and accumulated depreciation of $5,000,000. The company didn't buy any assets during the year but did have depreciation expense of $1,000,000. Calculate the ROI for the year. Calculate the End of Year book value.
The ROI for the year to Vegan Steaks would be 6.55 %
The End of Year Book value would be $ 14,000,000
How to find the ROI for the year ?To find the ROI for Vegan Steak's year, you need to find the end of year book value of assets which is:
= 20,000,000 - 5,000,000 - 1,000,000
= $ 14, 000, 000
Then find the average assets :
= (15, 000, 000 + 14, 000, 000) / 2
= $ 14, 500, 000
The ROI or return on investments is:
= Operating Profit / Average assets
= 950,000 / 14,500,000
= 6. 55 %
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In the context of the net promoter score (NPS), scores of 7 or 8 are associated with _____, customers who are satisfied but may switch to competitors.
In the context of the Net Promoter Score (NPS), scores of 7 or 8 are associated with "Passives," customers who are satisfied but may switch to competitors.
In the context of the net promoter score (NPS), scores of 7 or 8 are associated with "passive" customers. These are customers who are somewhat satisfied with the product or service but are not necessarily loyal and may switch to competitors if they find a better offer. They are considered to be a neutral force in terms of promoting or detracting from the company's brand reputation.
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Which of the following bond terms are generally positively related to bond price volatility? 1. Coupon rate II. Maturity III. YTM IV. Payment frequency O II and IV only I and Ill only O II and III only O ll only
The bond terms that are generally positively related to bond price volatility are Maturity and YTM. The correct option is O II and III only. Bond prices and bond yields are inversely related.
This implies that when bond prices increase, bond yields decrease and vice versa. Volatility refers to the fluctuation in the price of bonds over a particular period of time. Bonds that have greater volatility are more sensitive to changes in interest rates.
The bond terms that are generally positively related to bond price volatility are Maturity and YTM. Maturity: Bonds that have a longer maturity have more significant volatility. This is because bonds with longer maturities are more sensitive to changes in interest rates compared to bonds with shorter maturities. This indicates that bonds with shorter maturities are less risky, and investors are less likely to sell them if interest rates rise. Hence, longer-term bonds are more vulnerable to interest rate risks. YTM: The Yield to Maturity (YTM) measures the total return anticipated on a bond if it is held until its maturity date. Bonds with higher yields are more sensitive to changes in interest rates. This is because the bondholders will be more likely to sell the bond if the interest rates rise and the market yields exceed the bond's yield, and the prices of the bond will decrease. This indicates that bonds with lower yields are less sensitive to changes in interest rates and, thus, are less volatile. The other bond terms, Coupon rate and Payment frequency, are inversely related to bond price volatility
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You purchased 100 shares of stock valued at $55 per share. The stock value increases to $85 per share. What was the
rate of increase?
Answer:
48%
Explanation:
100 x 55 = 5500, 85/55/10 x 10^6 /10^4 + 32.5454545455 = 48
Answer: 55%
Explanation:
why is 10 cents earned far more valuable than a dollar found. Critical thinking.
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
The gold standard for mini studies is blank how to spot bad science
The gold standard for mini studies is not applicable as mini studies are not considered as reliable sources of evidence.
In order to spot bad science, it is important to look for red flags such as small sample sizes, lack of control groups, cherry-picked data, and conflicts of interest.
Mini studies, also known as pilot studies or exploratory studies, are small-scale investigations that are often conducted as a preliminary step before conducting larger studies.
Although they can provide useful insights and generate hypotheses, they are not considered as reliable sources of evidence due to their limited sample sizes and lack of statistical power.
To spot bad science, it is important to look for red flags such as small sample sizes, lack of control groups, cherry-picked data, and conflicts of interest. Additionally, it is important to assess the quality of the research design, methodology, and statistical analysis, as well as to consider the potential biases and limitations of the study.
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The manufacturing overhead account is debited when ______.
Production process involves different type of cost and expenses, manufacturing overhead account is one and it is debited when overhead applied is less than the actual overhead costs incurred.
What is manufacturing overhead cost?It is the sum of all the indirect costs that were spent while manufacturing a product.
The amount in the manufacturing overhead account can either be a debit or credit.
It is a debit when the overhead is less than the actual overhead costs that were spent.
Therefore, The manufacturing overhead account is debited when the overhead applied is less than the actual overhead costs incurred.
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Question 10 of 10
Which of the following fall under the marketing umbrella?
O A. Customer service and production
B. Finance and operations
O c. Public relations and advertising
D. Human resources and administration
Answer:
c. Public relations and advertising
Explanation:
Marketing refers to all the activities of interesting potential customers with a company's products and services. Its objective is to create product awareness among customers and increase sales. Marketing involves acquiring customers to buy the company's products.
Marketing activities range from research on customer needs, advertising, sales promotions, public relations, and sales.
Answer C it the correct answer
Explanation:
True or False: The ADA does not require an employer to hire a person with a disability if they are not qualified.
The given statement, "The ADA does not require an employer to hire a person with a disability if they are not qualified." is false because under the ADA, job applicants who lack the necessary qualifications cannot assert discrimination.
A person with a disability must be qualified under the ADA, which implies that they must fulfill all work requirements and be able to carry out the position's essential duties with or without appropriate accommodations. According to the ADA, a person has a disability if their bodily or mental health significantly restricts at least one main daily activity. Even if they do not now have a handicap, this includes those who have a history of having one.
Additionally, it covers those who are believed to be disabled yet are not. Thirty years after the ADA went into effect, the lives of persons with disabilities in our country have improved somewhat. Academics have criticized the ADA in a number of sectors, including employment, because not all of the requests of those who favor disability rights have been met.
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The following transactions were completed by the company. a. The owner invested $15,400 cash in the company. b. The company purchased supplies for $600 cash. c. The owner invested $10,200 of equipment in the company in exchange for more common stock. d. The company purchased $220 of additional supplies on credit e. The company purchased land for $9,200 cash. Required: Write the impact of each transaction on individual items of the accounting equation.
The transactions mentioned have the following impacts on individual items of the accounting equation: a. Owner's investment increases both cash and owner's equity. b. Purchase of supplies decreases cash and increases supplies.
a. The owner's investment of $15,400 cash increases both the cash asset and owner's equity. The cash asset increases because the owner has contributed additional funds to the company, while the owner's equity increases because the owner now has a greater stake in the business.
b. The purchase of supplies for $600 cash decreases the cash asset by $600 and increases the supplies asset by the same amount. This transaction does not affect owner's equity.
c. The owner's investment of equipment valued at $10,200 increases the equipment asset by $10,200 and also increases owner's equity. This reflects the owner's contribution of equipment to the business in exchange for additional ownership in the company.
d. The purchase of $220 worth of supplies on credit does not affect the cash asset. Instead, it increases the accounts payable liability, as the company now owes the supplier for the purchase of supplies.
e. The purchase of land for $9,200 cash decreases the cash asset by $9,200 and increases the land asset by the same amount. This transaction does not affect owner's equity.
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Which of these would be most likely to be included in CPI
Answer:
Frozen Pizzas
Explanation:
Info from the video:
"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."
Frozen pizza is an expenditure that could be bought by individuals and families in a household.
When the survey results come back employees indicated that the lighting in the building was too low. They are 50 lights in the building. It will cost $50 to replace the light. The new lights are LED lights that are brighter and more efficient and last 10 years. It can save the company $350 per year in energy cost, plus make a brighter more productive work space making employees happier. How many years will it take for the new lights to pay for themselves? (round to the nearest year)
Answer: 7 years
Explanation:
There are 50 lights and it will cost $50 to replace each light.
Total replacement cost is therefore;
= $2,500
The company gets to save $350 per year if they use LED bulbs.
= 2,500/350
= 7.14 years
= 7 years
The number of years for the new lights to pay for themselves is 7 years.
The calculation is as follows:
There are 50 lights and it will cost $50 to replace each light.
Total replacement cost is
= $2,500
Now
The company gets to save $350 per year if they use LED bulbs.
= 2,500 ÷ 350
= 7.14 years
= 7 years
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According to authors Murphy and Murphy, a 2% Increase in customer retention has the same net effect on a
business as decreasing costs by 10%.
According to authors Murphy and Murphy, a 2% Increase in customer retention has the same net effect on a business as decreasing costs by 10%. This is a true statement.
Why is it crucial to retain customers?Because retaining current customers is much less expensive than obtaining new ones, client retention is crucial. Retaining consumers also have a higher propensity to spread the word about your business or act as brand ambassadors.
Which element affects client retention the most?Enhance Your Relationships With Your Customers. On trust, the most prosperous companies are based. 83% of customers will refer your brand to others, according to a poll by the Concerto Marketing Group. Nevertheless, 82% of consumers are more likely to stick with your brand if they believe in it.
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