Management students may not immediately become managers, but studying management can help you: Understand how organizational decisions are made.
What is management?Management can be defined as the process of making decision, planning, organizing , controlling, as well as leading an organization so as to achieve the organization set goals.
Management play an important in an organization as the success of an organization depend on it. Ineffective or poor management of an organization can lead to failure of that organization which is why management functions play an important role because making use of this functions can enables companies or organization to achieve their goals and objectives.
The management functions are:
PlanningOrganizingLeadingControllingTherefore Management students may not immediately become managers, but studying management can help you: Understand how organizational decisions are made.
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As interest rates rise, bond prices fall, and as interest rates fall, bond prices rise. Because interest rate changes are uncertain, this premium is added as a compensation for this uncertainty.
Because changes in interest rates are uncertain, this premium is added to compensate for this uncertainty MRP (maturity risk premium)
One of the main principles to keep in mind when investing in bonds is that bond prices move in the opposite direction to interest rates and bond yields. As an investment product, bonds have a price. The price may change, increase or decrease, due to various factors. One of the factors that influence the price is the interest rate. Changes in interest rates will also be followed by changes in yield. Yield is the yield expected by bond investors within one year. Yield will usually be expressed as a percentage.
In relation to a number of these concepts, if interest rates increase, bond prices will fall, and vice versa. In line with this, if bond prices fall, bond yields will increase. This relationship is known as interest rate risk or one of the risks faced by bond investors.
This inverse relationship between interest rates and bond prices can be compared to a seesaw that is usually played in a kindergarten or public park. When one side of the board goes up, the other side of the board goes down. On the other hand, as the price increases, the yield or level of profit that bond investors will get from bond X until maturity will decrease.
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Miller co. had the following retained earnings statement with certain numbers missing.
rogers co. retained earnings statement for year ended dec 31
begingning retained earnings, jan 1 $44,300
net income $15,900
dividends _______
net change in retained earnings 11,00
ending retained earnings , dec 31 $____
required:
complete the retained earnings statement, filling in the missing amounts.
Retained Earnings = Beginning Period Retained Earnings + Net Income/Loss – Cash Dividends – Stock Dividends
To determine retained earnings, divide a company's liabilities by its assets to determine stockholder equity. Next, locate the common stock line item on your balance sheet and deduct that amount from the total stockholder equity (if the only two items in your stockholder equity are common stock and retained earnings).
The Statement of Retained Earnings is the second financial statement that needs to be prepared during an accounting cycle. This is the amount of income that remains in the business after dividends, which are frequently reinvested in it or distributed to stockholders.
Retained Earnings (RE) are the accumulated portion of a company's profits that are set aside for reinvestment rather than being paid out as dividends to shareholders. These monies are typically allocated for debt repayment or used for working capital and fixed asset purchases (capital expenditures).
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In practice, the assets most commonly used to secure loans are?
Accounts receivable and inventory are the assets that are utilized to secure loans the most frequently in reality.
Numerous ratios aid analysts in determining how effectively a company pays its bills, collects payments from clients, and converts inventory into sales. Accounts receivable and inventory turnover, two ratios that fall within the current assets group, are two of the most significant. A company's accounts receivable turnover, often known as A/R turnover, is determined by dividing sales by accounts receivable. It is a gauge of how successfully a business can collect on the credit it lends to clients. A company with a strong track record of credit collection will have a higher accounts receivable turnover ratio.
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Today's marketers see information not only as a tool for input for better decision-making, but also as ___________________________.
Today's marketers see information not only as a tool for input for better decision-making but also as an important strategic asset and marketing tool
Who is a marketer?A person or business that promotes or advertises something
An employee who works in marketing is in charge of establishing a connection between the client and the good or service that the business is providing.
By keeping enormous inventories of products for supply or by effectively marketing the product to encourage large sales, this participation is attained.
When marketers enter the mix, though, a significant muddle results. Despite the fact that the terms sound relatively similar, there are a lot of significant differences.
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A ____ is a form of business organization that normally allows lawyers doing business as partners to avoid personal liability for the malpractice of other partners.
A limited liability partnership is a form of business organization that normally allows lawyers doing business as partners to avoid personal liability for the malpractice of other partners.
What is Personal liability?If you are found legally accountable for an accident that causes property damage or bodily harm inside or outside of your home, this is known as personal liability.
In the event that one of your visitors is hurt while on your property, personal liability claims may cover things like medical expenses, court costs, and more. They may also provide coverage for any accidental damage you are legally liable for doing to someone else's property. Up to your policy limitations, you might be able to avoid paying out of pocket for events like these if you have personal liability coverage.
Personal liability coverage is a crucial part of your homeowners or renters insurance policy because of this.
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How would you show your understanding of how critical it is to get to know the lives of your students living in poverty?
In order to find a shared interest, truly listen to your students while they converse with one another before class, in the halls, and in the cafeteria.
Founded in 1990, Shared Interest Society Limited is a fair trade financial co-operative with headquarters in the United Kingdom. Presently, it offers finance and financial services to global fair trade manufacturers, retailers, importers, and exporters.
Shared Interest collaborates with both Fairtrade International and the World Fair Trade Organization (formerly known as Fairtrade Labelling Organizations (FLO)) (WFTO). In order to supplement the financial services provided by the Society, the Shared Interest Foundation was established in 2004 as a nonprofit subsidiary. It offers producers support and training services. The Queen's Award for Enterprise was given to Shared Interest in 2008.
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The value of plant and equipment worn out in the process of manufacturing goods and services is measured by:_______
The value of plant and equipment worn out in the process of manufacturing goods and services is measured by: depreciation.
What is depreciation?Depreciation can be defined as the way in which fixed assets such as plant, equipment, machinery tend to worn out.
When this fixed assets worn out it reduces their value. Assets value will continue to decrease for the period of time in which they will be used.
Formula for depreciation is:
Depreciation=Cost of asset-Salvage value/Useful life of asset
Therefore the value of plant and equipment worn out in the process of manufacturing goods and services is measured by: depreciation.
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If victor and maria take out a bank loan for $1,600 and pay off their credit card debts totaling $1,600, what effects would these changes have on their net worth?
The effect on their net worth is zero , since an increase in debt is countered by the same amount of decrease
What is net worth of an individual?
The net worth of an individual is the excess of their assets or belongings over their liabilities or debt obligations.
net worth=assets-liabilities
In the case, the assets of Victor and Maria, cash, would increase by $1,600 and at the same time their liabilities, credit card would decrease by the same amount, which means that the increase in one borrowing is decreased by a decrease in another liability, hence, there is no impact on the net worth.
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Which of the following describes a taxpayer with a hobby?
a) Sara, an independent seller for a cosmetics company, who sells products to friends and neighbors because she enjoys learning about the new products available. She maintains separate business and personal accounts and keeps meticulous business records.
b) Craig, a taxpayer who builds model trains. He occasionally wins cash prizes in local train modeling contests. He deposits his winnings into his personal checking account.
c) Everett, a university research associate, who had made profits on his research activities in the past and fully expects to do so in the future.
d) Gail, a taxpayer who writes travel articles. She visits each location only after she has a valid contract with a publisher and keeps her business and personal accounts separate. Her travel expenses and earnings are in line with the earnings and expenses of other travel writers.
The correct answer is (a) Sara, an independent seller for a cosmetics company, who sells products to friends and neighbors because she enjoys learning about the new products available. She maintains separate business and personal accounts and keeps meticulous business records.
What is an independent contractor?A self-employed individual or business that is engaged to provide goods or services to another business is known as an independent contractor. As a result, independent contractors are responsible for paying their own Social Security and Medicare taxes. Independent contractors that a company hires are not compelled to get the employment benefits, such as health insurance and employer-sponsored retirement plans, that the company might typically offer to its workers. The payer shall correctly identify each payee as either an employee or an independent contractor. Independent contractors are frequently referred to as "freelancers".
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What is the main advantage of small business that helps retain effective employees who could earn more at a large firm?
7 competitive advantages for small enterprises are listed below:
Taking decisions more quickly and focusing on niche marketsPersonalize Customer Service, Empower Your TeamLeaders in Access Directly Give Your Local Community PriorityFaster innovationMake a StatementConcentrate on SpecializationQuickly and effectively pivotaccelerated decision-making - Being tiny has its benefits for competition, therefore it's not always a bad thing. One is the quick turnaround for making decisions or for developing new products. You could have fewer personnel, but you can innovate processes more quickly as a result. Being able to modify and adapt to market needs and being an agile firm are key to keeping a business afloat and expanding. When there is a lot of bureaucracy involved or you have to take into account various voices, it is more difficult to make such kinds of decisions.
Encourage and Grow Your Team - For business operations, a strong internal team is essential. Smaller teams make it possible to provide more individualized attention, giving them an advantage over organizations with hundreds or thousands of people. Make sure that workers have a say in the direction of the business in order to capitalize on this. Make sure management is approachable so that employees' issues and queries are completely addressed. Make time to talk about and keep track of each team member's professional growth goals as well. A small business may foster a culture where each employee feels appreciated by putting these deliberate actions into place.
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In the context of international trade restrictions, nontariff barriers tend to be fairly effective because:__________
In the context of international trade restrictions, nontariff barriers tend to be fairly effective because complaints about them can be easy to counter.
What is nontariff barriers?
Non-tariff trade barriers prevent the import or export of goods or services by means other than the plain imposition of tariffs. According to the Southern African Development Community, a non-tariff barrier is any restriction on global commerce that is not an import or export fee.
Therefore,
In the context of international trade restrictions, nontariff barriers tend to be fairly effective because complaints about them can be easy to counter.
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According to douglas mcgregor, the classical perspective on management was based on __________ assumptions about workers.
According to douglas mcgregor, the classical perspective on management was based on Theory X assumptions about workers.
What is Theory X?
According to Theory X, people despise their jobs, lack motivation, and are hesitant to accept accountability. This presumption leads managers to drive their workforce using a rigorous "carrot and stick" strategy that rewards superior performance and penalizes subpar performance. Theories of human labor motivation and management include Theory X and Theory Y. They were invented by Douglas McGregor in the 1950s while he was a faculty member at the MIT Sloan School of Management, and they underwent further development in the 1960s.
Therefore,
According to douglas mcgregor, the classical perspective on management was based on Theory X assumptions about workers.
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Economists assume that rational behavior is useful in explaining choices people make.
The foundation of rational choice theory, an economics theory that holds that people always choose options that maximize their own value, is rational behavior. Given the options available, these choices offer consumers the greatest benefit or enjoyment.
Since the gratification could be solely emotional or non-monetary, rational activity may not include obtaining the greatest monetary or material advantage. For instance, even though it is probably more financially advantageous for an executive to remain with a company rather than retire early, doing so is still regarded as rational action if the executive feels that the advantages of retirement outweigh the utility of the income she receives.
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The general rule regarding the exchanged basis in the new property received in a like-kind exchange is?
Like-kind treatment is not applicable to most financial instruments, including stocks and bonds, and inventory kept for resale.
What are stocks ?A stock is a colloquial phrase for any company's ownership certificates. You become a shareholder if you possess shares of a specific corporation. There are two categories of stocks: ordinary and preferred.
Beginning investors can profit in the stock market by: Starting early will help your assets expand immensely because of the wonder of compounding, which occurs when interest is received on money that has previously been earned and interest. If left unchecked, even a tiny quantity can significantly increase.
The price of the stock rises, or appreciates. The stock can then be sold for a profit if you so want.
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Who determines if a person or business process can be replaced by a robot or software?.
Chief Automation Officer determines if a person or business process can be replaced by a robot or software
What are the responsibilities of the Chief Automation Officer?A new position (area of responsibility) within the management of production and industrial companies is the Chief Automation Officer. Process automation results in a significant improvement in operational efficiency cost savings, and increased process flexibility, and as a result, becomes a source of strategic competitive advantage, necessitating the establishment of such a position.
The Chief Automation Officer is in charge of overseeing enterprise automation as a whole and creating the channels that support IT infrastructure, integrations, business processes, and other things. This allows the CAO to support this innovation with the necessary automation to make it as seamless, quick, and reliable as possible while the CIO concentrates on creating new processes and putting new strategies into place.
As a result, when developing and designing a project, automation comes first rather than developing a process and automating it later. Employee time is better used, repetitive tasks are automated, and departments approach automation in a much more planned manner.
Thus, it is the Chief Automation officer who is responsible for creating new designs of the project.
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______ can be a good form of communication for consumers and brands because of its short message length, ease of posting, receiving, and forwarding messages, and its convenience on a smartphone.
social media platforms because of its short message length, ease of posting, receiving, and forwarding messages, as well as its convenience on a smartphone can be a good way for brands and customers to communicate.
Social media are interactive technologies that make it easier to create and share content across virtual communities and networks, including information, ideas, interests, and other kinds of expression. The range of standalone and integrated social media services that are currently offered presents obstacles to the definition of social media, yet there are certain shared characteristics. In relation to media, the term "social" implies that platforms are user-centric and encourage social interaction. Social media can therefore be seen as an online facilitator or enhancer of human networks—networks of people that improve social connection.
Typically, users access social media services using web-based desktop applications or by downloading apps for their mobile devices (e.g., smartphones and tablets).
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Deciding how to make the best use of limited resources to satisfy virtually unlimited wants is known in economics as.
Deciding how to make the best use of limited resources to satisfy virtually unlimited wants is known in economics as economizing behavior.
What is Economics?Economics is a social science that examines the decisions that people, businesses, governments, and nations make regarding the distribution and consumption of products and services.
Economics is the study of how individuals divide up finite resources between individual and group uses for production, distribution, and consumption. Economics has two subfields: macroeconomics and microeconomics.
Efficiency in exchange and production is the main focus of economics. Both the Consumer Price Index (CPI) and the Gross Domestic Product (GDP) are frequently used economic statistics. To spot prospective trends or predict the future of the economy, economists use economic indicators like the GDP and the consumer price index.
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Comparing the life of a company president or ceo with a dishwasher or taxi driver shows us glaring examples of ______.
Comparing the life of a company president or ceo with a dishwasher or taxi driver shows us glaring examples of social inequality.
What exactly is socioeconomic inequality?Social inequality is defined as a scenario in which certain citizens of a country, a region, a section of the world, or both, are disparately or disadvantaged from others who are unfairly privileged. Logically speaking, it is the polar opposite of social equality.
Modern civilizations struggle with social inequality, which is a result of the uneven development of different parts of the world and the imposition of particular ideologies or human value judgments on some people over others. In fact, social inequality is the root of discrimination, which is the practice of treating individuals who are weaker than others in terms of their morals, social standing, or economic standing differently.
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Create a comic strip, poster, or other visual art presentation that illustrates the forces of supply and demand, just as the dance routine in Supply and Dance, Man illustrated it using
the example of selling canes. Invent a fictitious business and illustrate how the business's successes shift supply and demand. Identify the supply and demand factors at play.
Answer:
demand is equal to 1000 and factors is equal to 5000
Organizational stakeholders include:________
a. employees.
b. unions.
c. suppliers of capital.
d. host communities.
Organizational stakeholders include employees. The correct answer is A, Stakeholders in the organization are those who are involved in its operations.
Stakeholders in an organization are typically happy when: businesses offer a vibrant, stimulating, and fulfilling work environment.
Everyone is interested in the company. Stakeholders can invest in the company as well, and the results of the business depend on what they do. Such a stakeholder is crucial in determining both the company's future and how it will operate on a daily basis.
Stakeholders are everyone that a company's actions may have an impact on, such as shareholders, business partners, employees, and customers.
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Implementing the strategy is often overlooked by senior managers especially in large organizations. What level of manager is often responsible for making sure the strategy gets implemented in alignment with the corporate goals?.
The level of manager that is often responsible for making sure the strategy gets implemented in alignment with the corporate goals is a functional manager.
A functional manager is what?The functional manager is the individual with management authority within a business unit or department who has direct supervision over one or more team members and/or direct responsibility for the functions impacted by the project/program deliverable.
There are numerous parallels between general management and functional management; the main distinction is that a functional manager concentrates on one aspect of an organization while the general manager must maintain a broad perspective.
Therefore, the level of manager that is often responsible for making sure the strategy gets implemented in alignment with the corporate goals is a functional manager.
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A company has an inventory period of 25.1 days, an accounts payable period of 34.7 days, and an accounts receivable period of 30.5 days. what is the company's operating cycle?
The correct answer is 20.9 days.
Given here, the inventory period of 25.1 days and account recievable period of 30. 5days and account payable period of 34.7days.
Now we calculate operating cycle by the formula,
Operating cycle = Inventory period + Account receivable period - Account payable period.
Operating cycle = 25.1 + 30.5 – 34.7
Operating cycle = 20.9 days
Thus, operating cycle was found to be of 20. 9days.
The time takes for a business to purchase items, sell them, and get payment for those sales is known as an operating cycle.
Depending on the sector, an operational cycle can be any length. By providing a sense of whether or not it will be able to pay off any creditors, an understanding of a company’s operating cycle can assist establish its financial health. A shorter operating cycle is better since it indicates that the business has enough cash on hand to fund operations and recoup investments.
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On average, approximately what percentage of corporate ventures reaches profitability within six years?
Approximately 50% of all corporate ventures reach profitability within six years.
What do we mean by corporate ventures?Corporate venturing occurs when one company offers venture capital to another company as part of an acquisition strategy. Corporate venture capital can have an external focus, such as investing in strategically related technology startups, or an internal focus. Corporate venturing provides significant benefits to firms, so its growth as a strategy is almost predictable. Corporate venture capital promotes firm innovation, increases firm value, and equips management with tools for identifying emerging trends in advanced technology. Approximately half of all corporate ventures reach profitability within six years.Therefore, approximately 50% of all corporate ventures reach profitability within six years.
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A depreciable asset's cost minus accumulated depreciation is called ________.
a. book value
b. accrued expense
c. residual value
d. depreciable value
The cost of a depreciable asset less total depreciation is its book value.
Book Value: Definition and Examples
Simply put, a company's assets less liabilities equals its book value. This refers to the overall worth of all assets, excluding intangibles like goodwill that don't have a quick monetary value. All debts, both short-term and long-term, are included in liabilities.
Assets minus liabilities equal book value.
In other words, if you decided to shut down the company, how much cash would be left over after you sold off all of the assets and paid off all of the debts? The company's book worth is that.
Consider a company with $2 million in total assets and $1 million in unpaid obligations. It would have a $1 million book value.
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Microsoft charges a price of $599 for a copy of windows 7. Is this pricing decision rational?.
According to the Question,
When we assume the managers at Microsoft have used all available information and weighed all known benefits and costs, we are assuming rationality.The antithesis of intuitive decision-making is rational decision-making. It follows a precise process that makes use of logic and objective information.
It entails recognising the issue that has to be resolved, collecting data, locating choices and outcomes, analysing them, taking into account all the connections, and making a decision.
Using the rational decision-making Steps in the workplace:Describe the issue.Determine the selection criteria.Assign the requisite weights.Make a list of possibilities and rank them.To Learn more about Rational Decision Making, Click the links.
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What factors in the microenvironment of the coffee company might need attention as esther considers expansion of the business?
Esther will have to consider staffing in order to get the attention while expanding his coffee company's microenvironment.
What is staffing?The process of hiring the ideal candidate with the necessary skills or expertise to fill a position or role is known as staffing. Organizations can hire, use, and retain a staff that is both sufficient in size and high quality to improve the effectiveness of the company. In management, staffing is the process of hiring new employees and assessing their knowledge and skills before assigning them to specific job responsibilities in accordance.
A staffing model is a set of data that tracks job activities, the number of labor hours required, and how much time is spent by employees.
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List the activities in the value chain in the order they occur for a cookie retailer, with the first activity on top.
This is the correct order :- 1) Acquire raw materials 2) Baking 3) Sales 4) Service.
What Is a Retailer?Retail is the practice of purchasers purchasing products and selling them directly to consumers, as opposed to suppliers or wholesalers. The retailers act as a liaison between wholesalers and clients. They buy products from the wholesaler and sell them in tiny quantities to the final clients. Retailers have the opportunity to produce and create more sustainable products since they offer a wide range of products and are in constant contact with a significant network of suppliers.
A retailer is the final link in the supply chain and the one that connects and distributes the goods and services directly to the customers; however, they do not create any of the products they sell.
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An+open-end+fund+has+a+net+asset+value+of+$10.70+per+share.+it+is+sold+with+a+front-end+load+of+6%.+what+is+the+offering+price?
The offered price is $11.38 per share. The offering price for this particular item can be determined to be $11.38.
This is due to the fact that the offering price contains a 6% front-end load, which implies that only $0.94 of every dollar spent actually goes toward buying the share. Therefore we can make the following computations ...$10.07 / (1 - 0.06) = $11.38Making the ultimate offering price $11.38
An offering price is the cost at which something is made available for purchase. The term "offering price" in finance and investing most frequently refers to the price per share at which publicly-issued securities are made available for purchase by the investment bank during an IPO (IPO).
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Customers have more power when a product is sold in the ______ market
Customers have more power when a product is sold in the open market
What is an open market?An open market can be defined as the market were the price of goods and service is determine by the market competition which in turn means that price of goods and service are not determine or control by the government.
In this type of market customers have more power because they have to power to do and undo when it comes to market price or the price they want to buy their product.
Therefore Customers have more power when a product is sold in the open market
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The regular expression for 4-digit cvc numbers used by american express card holders is?
The regular expression for 4-digit CVC numbers used by American Express card holders is /^\d{4}$/.
CVV stands for Credit card Validation (or Verification) Value. The CVV is a three or four digit code embossed or printed on the opposite aspect of many credit score or debit cards. This is a further protection degree to make certain which you have bodily ownership of the credit score card itself. Remove the remaining range of the credit score card range, then input within side the four digit CVV code, in the end placed the remaining digit of the credit score card again at the credit score card range line. The CVC is the 4-digit range positioned at the the front of the credit score card. The 4-digit range is positioned at the proper or left above the account range. The CVC is the three-digit range positioned at the again of the credit score card, at once after the remaining 4 digits of the credit score card range.
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