Sales of real estate are done by Sally. Before her license expires, she must complete 45 hours of continuing education in order to extend it for an additional four years.
How much time is left until a licensee must renew their permit?The license will automatically go inactive at the conclusion of the license period if the license holder doesn't really renew it before the expiration date. After 24 months, the licensee then must renew the license or begin the application process over again, failing which they are not permitted to continue operating.
How many hours of CEUs must she complete prior to her license's expiration in order to extend it for a further four years?In the two years prior to license expiration, a minimum of 80 hours of CE must be completed, including: at minimum of 20 hours, such as 12 hours in technical subject matter, must be finished each year of the 2 license renewal period.
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successful organizations are effective in motivating their employees. employees work best when group of answer choices they are asked to their best at their job work requirements are vague and unclear they are guided by an abstract organizational mission statement they are striving toward specifically worded goals
People can be motivated effectively in successful firms. When workers are working for particular objectives, they perform at their best.
What three categories of organizational goals are there?Organizational goals can be divided into three categories: individual, team, and corporate. These objectives all have set deadlines for completion. These objectives frequently have longer time horizons than others.
What types of objectives exist in an organization?Shorten the time it takes to process client online orders.
Whenever necessary, update software by installing security updates.
Streamline call center productivity to enhance customer engagements.
By 2030, achieve carbon neutrality.
How do you accomplish corporate objectives?Identify objectives as a group.
Select the items on the list that were generated by brainstorming.
Set collective priorities.
For each aim, decide on objectives and a plan of action.
Take initiative.
Always assess your development.
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baker brothers has a dso of 40 days, and its annual sales are problems $7,300,000. what is its accounts receivable balance? assume that it uses a 365-day year.
The receivables balance is $800,000. With an annual credit sales volume of $7,300,000, the days sales outstanding (DSO) are 40. 40 = AR/(7300000/365), AR = $800,000, and DSO = AR/(S/365).
Days Sales Outstanding (DSO) tracks how long it typically takes a company to get paid for a transaction. DSO is frequently computed monthly, quarterly, or annually. DSO is computed by multiplying the result by the number of days in the period under consideration and dividing the average accounts receivable for a particular period by the total of credit sales over the same period. Days Sales Outstanding (DSO) is calculated by dividing Total Credit Sales by the number of days.
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if the law of demand applies to this good, then q1 could be
If the law of demand applies to this good, then q1 could be 0.
When does the law of demand for a good then apply?According to the rule of demand, as a product's price increases, fewer people will buy it, and vice versa.An economic theory known as the law of demand explains why there is an inverse relationship between the demand for a commodity or service and its price. When a good or service's price rises, less people will buy it, assuming all other variables remain constant.Q1 may be zero if the rule of supply and demand holds true for this product. According to the rule of demand, individuals are ready and able to buy more of something if it costs less and less of something if it costs more, all other things being equal.To learn more about law of demand refer to:
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as long as people have different , everyone has a comparative advantage in something. a marginal benefits b opportunity costs c direct costs d total benefits e utility
Option (b), As long as individuals have distinct opportunity costs, everyone has a comparative advantage over something and a comparative disadvantage over something. A crucial element that is sometimes overlooked in real-world comparative advantage talks.
When expenses are different, everyone has a comparative advantage, so what are you doing?As long as persons have distinct opportunity costs, everyone has a comparative advantage and a comparative disadvantage in some areas. an important point that is omitted from talks of comparative advantage in the actual world.
Why is chance cost so important in determining comparative advantage?Opportunity cost is a term used to explain the loss we suffer as a result of a particular decision. Utilizing comparative advantage, we can make the best decision. It is the most important economics concept since it explains how to divide your limited resources most efficiently.
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$18,244 is invested, part at 10% and the rest at 6%. if the interest earned from the amount invested at 10% exceeds the interest earned from the amount invested at 6% by $495.76, how much is invested at each rate? (round to two decimal places if necessary.)
The answer is 8127
How much is invested at each rate?step1:
x = amount invested at 10%
y = amount invested at 6%
x + y = 9192
0.10x = 0.09y + 716.85
step2:
we have a equation system
x= 9192-y
we substitute x in the second equation
0.10(9192-y)=0.09y+716.85
919.2-0.10y =0.09y+716.85
we clear y
919.2-716.85=0.09y+0.10y
202.35=0.19y
y=202.35/0.19=1065
then
x=9192-1065=8127
x = amount invested at 10%= 8127
y = amount invested at 9%
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amini, a sales manager with a commercial real estate firm, uses sales quotas to assess the performance of his staff members, and he then develops strategies for corrective action. which function of the management process is amini most likely performing?
Amini is most likely performing the function of controlling in the management process .
The regulating function includes managing deadlines and schedules, employee training, performance reviews, budget or personnel changes, and resource allocation. Controlling recognises any form of irregularity and takes appropriate remedial action. This aids in closing the gap between expected and actual results, hence assisting in the accomplishment of organisational goals. Setting, evaluating, and improving company operations while managing cost control are all parts of the controlling process in business management.
A corporation may manage changes to the supply chain, client demand, and other factors that affect a company's survival by adopting a controlling process. It's essential to any company's ability to stay solvent. A business may correctly determine if plans are on track through the management process of controlling.
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even though bonds are debt obligations, investing in them involves risk. what are the sources of risk? what role do rating services play in managing risk?
The main sources of risk associated with bonds are credit risk, interest rate risk, reinvestment risk, inflation risk. Rating services play an important role in managing bond investment risk by providing credit ratings for bonds.
Investing in bonds involves risk, even though bonds are considered debt obligations, meaning that the issuer is obligated to repay the bondholders the principal and interest. The following are the main sources of risk associated with bonds:
Credit risk: The risk that the issuer of a bond may default on interest or principal payments. This risk is also referred to as default risk.
Interest rate risk: The risk that changes in interest rates will affect the market value of a bond. Bonds with longer maturities are more sensitive to changes in interest rates.
Reinvestment risk: The risk that interest payments from a bond will have to be reinvested at a lower rate.
Inflation risk: The risk that the purchasing power of the bond's interest and principal payments will be eroded by inflation.
Rating services play an important role in managing bond investment risk by providing credit ratings for bonds. Credit ratings are assessments of the creditworthiness of an issuer, and they provide an assessment of the likelihood of default on the bond. The three largest credit rating agencies are Moody's, Standard & Poor's (S&P), and Fitch Ratings.
These agencies use a numerical scale to rate the creditworthiness of bonds, with higher ratings indicating a lower risk of default. Investment advisors and individual investors use credit ratings to help assess the risk associated with bond investments and to make informed investment decisions.
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one of the flaws of net profit is that it can be manipulated by manageral decisions group startstrue or falsetrue, unselectedfalse, unselected
The statement given "one of its flaws is that managerial decisions might have an impact on net profit" is TRUE.
What is net profit?Net income in business and accounting is an entity's income fewer costs of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.
It is also referred to as total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales.
The ability of managerial choices to affect net profit is one of its faults.
It has also been described as the net growth in shareholders' equity that arises from a company's operations.
It is calculated as the residual of all revenues and gains less all expenses and losses for the period.
Contrary to gross income, which merely deducts the cost of products sold from revenue, this is not the same thing.
Therefore, the statement given "one of its flaws is that managerial decisions might have an impact on net profit" is TRUE.
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the wbs provides a basis for creating the project schedule and performing earned value management for measuring and forecasting project performance. group of answer choices true false
The WBS serves as a foundation for developing the project schedule and carrying out earned value management to assess and predict project performance. The assertion is accurate.
Describe WBS.
A work-breakdown structure (WBS) is a deliverable-oriented partition of a project into more manageable portions used in project management and systems engineering. A work breakdown structure is a crucial project deliverable that breaks the team's work into manageable portions. The Project Management Body of Knowledge (PMBOK) version 5 describes the work-breakdown structure as a "hierarchical decomposition of the entire scope of work to be carried out by the project team to achieve the project objectives and generate the required deliverables."
A thing, a bit of information, a piece of service, or any combination of these a facet of a job breakdown structure. A WBS provides the framework critical for realistic cost estimation and control as well as direction for schedule development and control.
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suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. what information or data would you obtain to measure the external [not social] cost?
Costs associated with cutting carbon emissions in other sectors are the data needed to calculate external [non-social] costs.
How are societal costs of carbon calculated?Typically, the Social Cost of Carbon is calculated as the net present value of the effects of climate change over the next 100 years (or longer) of each additional tone of carbon that is released into the atmosphere today. The expenses of carbon emissions' marginal global harm.
How much do carbon emissions cost financially?According to a study that was just published in the journal Nature, society must pay $185 for every ton of carbon dioxide that is added to the environment, which is 3.6 times more than the $51 per ton estimate that the US federal government currently gives.
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Theory Y leaders use external reinforcement strategies to motivate their followers. T/F
False, Theory Y leaders use external reinforcement strategies to motivate their followers.
What is Theory Y managers ?
Managers that follow Theory Y believe their staff members are internally driven, like their work, and want to improve themselves without receiving a specific benefit in return.
Because they are responsible for the organization's internal operations, these managers see their staff as one of the most precious assets.
When does internal vs. external reinforcement occur?
There are two types of reinforcement: positive and negative, internal and external. An internal reinforcement is when a youngster feels glad about being accepted, as opposed to an external reinforcement, which is when a child seeks approval from parents or peers.
Positive, negative, extinctional, and punitive reinforcement are the four different forms of reinforcement.
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strategic change involves improving an organization's alignment among which of the following? question 2 options: a. strategy, organization design, and environment b. strategy, organization design, and technology innovation c. technology innovation, organization design, and environment d. strategy, environment, and survey/feedback
The correct answer is option a. Strategic change involves improving an organization's alignment among strategy, organization design, and environment.
Strategic change is referred as the process of implementing of changes to important features of a business. For example in response to new market threats or opportunities. Upper management and the Chief Executive Officer in particular brace the responsibility for this change
Strategic change focuses at giving companies a competitive advantage in their market. It is known as the big-picture business change which is design to help companies and the increase revenue. Strategic change is distinguished as a complex change which includes four independent but each other interconnected areas- technical, organizational, methodical and social changes.
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if supply increases and at the same time demand decreases, equilibrium price: question 29 options: a) decreases and equilibrium quantity is indeterminate. b) is indeterminate and equilibrium quantity decreases. c) increases and equilibrium quantity decreases. d) is indeterminate and equilibrium quantity increases.
The equilibrium price decreases and the equilibrium amount is unknown if the supply increases while the demand decreases.
When supply and demand rise at the same moment, what happens to equilibrium?There will be an increase in the equilibrium output if supply and demand both rise, but the impact on price cannot be predicted. 1. If demand and supply both rise, more will be purchased by consumers and more will be produced by businesses.
What changes in equilibrium occur as supply grows?With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required. The equilibrium price will increase as the supply declines, while the quantity needed will go down.
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nlike traditional selling, trust-based relationship selling: a. is a selling strategy that focuses on meeting customer needs. b. involves a one-way communication from the salesperson to the customer. c. emphasizes developing short-term relationships with customers. d. involves little or no post-sale follow-up with customers. e. is a strategy that focuses on maximizing sales in the short run.
Trust-based relationship selling is a sales strategy that focuses on building long-term, mutually beneficial relationships with customers. It is based on the idea that customers are more likely to buy from salespeople they trust and with whom they have a positive relationship.
Trust-based relationship selling involves two-way communication between the salesperson and the customer, in which the salesperson takes the time to understand the customer's needs, concerns, and goals. It also involves post-sales follow-up and ongoing communication to maintain relationships and ensure customer satisfaction.
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sdj, incorporated, has net working capital of $2,310, current liabilities of $5,450, and inventory of $1,225. what is the current ratio? note: do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. what is the quick ratio?
The answer is 1.42 times is current ratio, Using the formula for NWC, we get:
NWC = CA - CL
CA = CL + NWC
CA = $5,450 + 2,310
CA = $7,760
So, the current ratio is:
Current ratio = CA / CL
Current ratio = $7760 / $5450
Current ratio = 1.42 times.
Which current ratio is ideal?A company's ability to pay off its short-term obligations and debts with its current assets in a period of 12 months or less is determined by its current ratio, which is a liquidity ratio. A healthy current ratio is normally between 1.5 and 2, but it occasionally depends on the sector of the economy in which your business operates.
What happens if the current ratio exceeds 1?A corporation is able to meet its short-term obligations if it has a high ratio (somewhere above 1). The company is more capable the greater the ratio. However, if the company's current ratio is less than 1, it may indicate that it is unable to cover its short-term obligations.
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the election of 1896 is sometimes called the first modern presidential campaign, in part, because of the amount of money spent - william mckinley raised some $10 million, while william jennings bryan raised only around $300,000. question 12 options: true false
The election of 1896 is frequently referred to as the first modern presidential campaign, in part due to the amount of money raised by William McKinley ($10 million), as opposed to William Jennings Bryan ($300,000), who received far less.
Why is the first modern presidential campaign sometimes referred to as the election of 1896?Because of the amount of money the Republicans spent and the effectiveness of their national organization, this election is frequently referred to as the first modern presidential campaign.
Why is the 1896 presidential election referred to as the first modern presidential election?Because so much money was raised—William McKinley raised 10,000,000 dollars—it is referred to as "the first modern presidential election.
What did William McKinley accomplish during the 1896 campaign?William McKinley won the presidency of the United States in 1896. William Jennings Bryan, the joint nominee of the Democratic and Populist parties, as well as candidates from other minor parties, were defeated by McKinley, a Republican and former governor of Ohio.
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What is the difference between your marginal tax rate and your average tax rate?
The marginal tax rate is the rate at which your next dollar of income is taxed, while the average tax rate is the total amount of taxes paid, divided by the total income.
What is marginal tax rate and average tax rate?The marginal tax rate is the amount of tax levied on a person's final dollar of income. It is the amount of tax that is added to every extra dollar earned, and it rises in proportion to an individual's income. It is the rate at which an individual will be taxed on their subsequent dollar of income.
The sum of all taxes paid divided by the entire amount of taxable income is known as the average tax rate. It refers to the overall tax rate that applies to an individual's income. Lower than the marginal tax rate, the average tax rate gives an indication of the overall tax burden.
Since they offer various viewpoints on a person's tax burden, it is crucial to comprehend the distinction between marginal and average tax rates. The marginal tax rate tells us how much taxes will rise incrementally as a result of new income, but the average tax rate tells us how much taxes will rise altogether.
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do you think increasing age diversity will create new challenges for managers? what types of challenges do you expect will be most profound?
Yes, increasing age diversity will create new challenges for managers. The challenges that managers may face can be grouped into several categories.
First, managers may need to learn how to manage different work styles, communication preferences, and expectations across generations. This could include differences in how employees approach work, collaborate, and communicate with each other. Managers will need to develop strategies to effectively motivate and engage employees of different ages.
Second, managers may face challenges in providing opportunities for career advancement and development for employees of all ages. They may need to create new training programs and career paths that address the needs and goals of employees at different stages of their careers.
Third, managers may need to be more aware of potential age discrimination and ensure that policies and practices are fair and equitable for all employees, regardless of age. They may need to promote inclusivity and diversity in the workplace to ensure that employees of all ages feel valued and respected.
Overall, increasing age diversity will require managers to be more flexible, adaptable, and inclusive in their leadership approach, and to develop new strategies and practices to effectively manage a diverse workforce.
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what tactics should a company use to set themselves apart at the conversion stage? select all that apply.
The conversion stage is a critical point in the customer journey, as it is the moment where a potential customer makes a decision to take action and become a paying customer.
This stage is crucial for businesses, as it is the final step in the sales process, and can often determine the success or failure of a company's marketing efforts. To maximize the chances of a successful conversion, companies can use the following tactics:
Personalization: Offer customized solutions or experiences based on customer data and behavior
Unique value proposition: Clearly communicate and differentiate the benefits and features of the company's product or service
Trust signals: Display certifications, awards, testimonials, or security badges to build credibility and increase customer confidence
User-friendly design: Make the conversion process easy, intuitive, and visually appealing
Urgency: Create a sense of urgency by using limited time offers, scarcity tactics, or by emphasizing the potential consequences of not taking action
Customer support: Provide exceptional customer service and support to help customers make informed decisions and address any concerns
Social proof: Show the popularity of the product or service through customer reviews, ratings, or the number of people who have purchased or used it.
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justin is shopping for a used car. however, he is worried about buying a lemon. one way to overcome this problem of asymmetric information is to;
Do research and gather information about cars, Justin can research the make and model of the car he's interested in, as well as its history, such as previous owners, service records, and any accidents that have occurred. He can also have a mechanic inspect the car before purchasing to ensure its condition and reliability.
Another option is to buy a car from a reputable dealer or seller who provides guarantees and guarantees. Dealers often perform their own inspections and repairs on the cars they sell, and they may be more willing to provide information about the car's history and condition. Finally, Justin can also look to independent sources of information, such as consumer reports, car reviews and online forums, to gather more information about the makes and models of cars he is interested in, as well as the used car market in general. By gathering as much information as possible, Justin can make a more informed decision and reduce the risk of buying "lemon".
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in the accompanying supply and demand diagram depicting the market for hamburgers in your hometown, first shift the demand curve, given the event described. then, move the equilibrium point to its new position. what is the effect on equilibrium price and quantity? event: all hamburger sellers raise the price of their french fries.
Line D moves to the right, S stays the same
move E to the new cross section. Increases.
What is market equilibrium?
Market equilibrium occurs when quantities requested and supplied are equal in price (Supply = Demand). When the market is in equilibrium, prices don't tend to fluctuate.
Demand and supply are the two factors that drive the market system. This is because the value at which a thing is offered for sale in the market is greatly influenced by these two influences. The relationship of supply and demand in a market determines price.
The price of a product in a market is decided at a point where supply and demand forces collide, in accordance with economic theory. Equilibrium point is the location where supply and demand forces converge.
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______. is the difference between the highest price a consumer is willing to pay and the actual price they do pay for the good, or the market price.
The variance between the highest possible price a consumers are willing to pay and the sale amount they pay for the great, or the market price, is referred to as consumer surplus.
What is the distinction between both the price a customer pays for just an item as well as the cost he would be prepared to pay instead of doing without that?In economics, consumer surplus is defined as the distinction here between price a customer pays for an object and also the price he would've been willing to pay instead of doing without it.
In layman's terms, what is surplus?A surplus is the amount about an asset as well as source of energy that exceeds the amount actively used. A deficit can refer to a variety of things.
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n order to produce a new product, a firm must lease equipment at a cost of $45,000 per year. the managers feel that they can sell 8,750 units per year at a price of $30. what is the highest variable cost that will allow the firm to at least break even on this project?
To calculate the break-even point for this project, we need to determine the highest variable cost per unit that will allow the firm to at least cover its total costs, including the cost of leasing the equipment and the cost of producing each unit.
Let's assume the highest variable cost per unit is x. Then, the total cost of producing 8,750 units is 8,750 * x.
In order to break even, the revenue from selling 8,750 units must be equal to the total cost of producing those units and leasing the equipment:
8750 * $30 = 8,750 * x + $45,000
Solving for x, we get:
x = ($30 * 8,750 - $45,000) / 8,750 = $2.50
So, the highest variable cost that will allow the firm to break even on this project is $2.50 per unit. This means that the firm can produce each unit for no more than $2.50 in variable costs and still be able to cover its fixed costs (the cost of leasing the equipment) and still make zero profit.
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how often should firms undertake the task of strategic planning? group of answer choices on a continual basis as conditions change two or three times, to make sure all items are covered only once, when determining the firm's objectives never; it is unnecessary to develop a strategic plan only once, when developing the marketing plan
A) on a continual basis as conditions change two or three times. Strategic planning should be an ongoing process that takes place on a continual basis as conditions change.
Businesses are always evolving and facing new challenges and opportunities, so it is important to regularly review and adjust the firm's strategy to ensure that it remains aligned with the current business environment.A continual process of strategic planning helps organizations to stay proactive and adapt to changes in the market, technology, competition, and regulations. It also allows organizations to continuously monitor their progress towards their goals and make adjustments as needed to achieve better results. In conclusion, strategic planning should not be a one-time event, but rather an ongoing process that takes place on a continual basis as conditions change. This allows organizations to remain flexible and responsive to changing business conditions and to achieve better outcomes.
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classify each of the following individuals as employed, unemployed, or not in the labor force: a. a factory worker laid off indefinitely during a recession who looking for work in the service industry is considered (click to select) . b. a computer technician on vacation is considered (click to select) . c. a 14-year-old grape picker during the grape harvest is considered (click to select) . d. a banker who quits his job to (unsuccessfully) seek fame and fortune as an actor is considered (click to select) . e. a stay-at-home dad is considered (click to select) . f. a recent college graduate looking for her first job is considered (click to select) . g. an auto mechanic without a job who has given up looking for work is considered (click to select) .
The following individuals are classified as follows:
A factory worker laid off indefinitely during a recession who looking for work in the service industry is considered - Unemployed
Computer technician on vacation is considered - Not in the labor force
A 14-year-old grape picker during the grape harvest is considered -Employed
A banker who quits his job to (unsuccessfully) seek fame and fortune as an actor is considered - Unemployed
A stay-at-home dad is considered - Not in the labor force
A recent college graduate looking for her first job is considered -Unemployed
An auto mechanic without a job who has given up looking for work is considered - Not in the labor force.
In order to group people according to how connected they are to the job market, the words "employed," "unemployed," and "not in the labor force" are used.
People who have a job and have worked at least an hour in the previous week are considered to be employed.People who are out of work, looking for job, and ready to start working are considered to be unemployed.The phrase "not in the labor force" describes those who are neither employed nor actively looking for work. This includes retirees, students, parents who remain at home, and those who have given up seeking for employment.Statistics on the labor force, such as the unemployment rate, which represents the proportion of the workforce that is jobless, are calculated using these categories.
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a small business multiple choice must have fewer than 100 employees to be considered small. is considered small relative to other businesses in its industry. must make less than $10 million per year to be considered small. should not have more than three locations in a region.
The correct option is Option B
A small business is considered small relative to other businesses in its industry.
A small business is a privately owned and operated company with a relatively small number of employees and limited annual revenue.
Since the requirements might differ depending on the sector, the nation, and the setting, there is no single definition of what constitutes a small firm. However, the majority of definitions take into consideration elements like location, yearly income, and personnel numbers. A small firm may, in certain circumstances, have less than 100 workers, less than $10 million in annual revenue, or fewer than three sites in a given region, although these standards can vary greatly and are not always relevant.
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The following question may be like this:
A small business multiple choice
must have fewer than 100 employees to be considered small. is considered small relative to other businesses in its industry. must make less than $10 million per year to be considered small. should not have more than three locations in a region.a greater intake of fish above two servings per week results in . multiple choice question. additional benefits no additional benefit
Option 2 is Correct. Beyond two meals per week, there is no added advantage to consuming more fish.
The American Heart Association has advised people to consume fish high in unsaturated fats at least twice a week for many years. Omega-3 fatty acids are the name for the unsaturated fats found in fish. Fish's omega-3 fatty acids and other nutrients may improve heart health and lower the risk of heart-related death.
Some individuals worry that seafood may contain toxins like mercury. The advantages of including fish in a balanced diet, however, typically outweigh any potential hazards from pollutant exposure. Learn how to strike a good balance between these worries and your consumption of fish. Unsaturated fatty acids include omega-3 fatty acids.
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Correct Question:
A greater intake of fish above two servings per week results in . multiple choice question.
1. additional benefits
2. no additional benefit
as a manager you are hesitant to provide negative feedback because you believe it will negatively influence your interests in the company. this is what type of a difficulty factor?
Because you feel giving bad feedback may hurt your interests in the company, managers often hesitate to do so. This is a political difficulty factor.
What are political factors affecting business?
Political factors in business are frequently given a lot of weight. Government policy can have an impact on a company in a number of ways. Every business must abide by the law. Managers need to understand how new laws may impact their operations. Business entities may be impacted by the political climate in a variety of ways. It can increase the danger and result in a significant loss. You should be aware that political considerations have the ability to alter outcomes. It may also have an impact on local to national government policies. Businesses should be prepared to handle both local and global political outcomes.
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more than a compliance program, business ethics is becoming question 3 options: a management issue to achieve competitive advantage. less accepted by society. mainly a government regulatory issue. an initiative led by nonprofit organizations. a program that decreases profits but increases societal benefits.
More than a compliance program, business ethics is becoming... a management issue to achieve competitive advantage. the character of the decision-making process that employees use to determine whether their responses to ethical issues are right or wrong based on values and norms.
What are business ethics ?
Business ethics is the study of proper company conduct when it comes to potentially contentious issues including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, fiduciary duties, and much more. The law frequently directs business ethics, however there are occasions when business ethics offer a fundamental standard that enterprises can abide by to win the public's acceptance.
A company that lacks solid ethics risks breaking the law, falling into financial trouble, and facing unethical situations.
It includes ethical and social guidelines for conducting business. Self-control, consumer protection, welfare, service to society, treating social groupings fairly so as not to exploit others, etc. are all included in this.
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the philanthropic perspective of the economic model in which business support for a social cause is done because it is the right thing to do differs from the reputational version only in terms of the multiple choice level of social good done. underlying motivation. reach of the social good done. medium used.
The philanthropic model in which business support for a social cause is done because it is the right thing to do differs from the reputational version only in terms of the b. underlying motivation.
According to the economic model's philanthropic stance, businesses are under no strict responsibility to donate to social causes. The ambitions, purposes, and objectives of a corporation for actively bettering society as a whole are referred to as philanthropic responsibility.
Donating money from company earnings to deserving projects in the local community — commonly in the form of a trust or foundation — is a significant part of corporate philanthropy.
Philanthropy is defined as philanthropic activities or other acts of good will that benefit others or society as a whole. Donating money to a worthy cause or contributing time, effort, or other types of kindness are examples of philanthropy.
For many NGOs, increased transparency is a critical issue, and how money are collected and handled should be meticulously documented.
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