the economic and strategic advantages that accrue to early entrants into an industry are called?

Answer:

The country experienced a recession

Explanation:

an auditor obtains an understanding of the client and its environment to identify audit risks that may result in material misstatements is true.

When financial statements are presented misstated, that is, when they are not presented fairly and in accordance with the accounting reporting framework, audit risk refers to the possibility that the auditor will express an improper audit opinion.

The risks of misstatements and detection risks influence audit risk. Thus, risks of misstatements and detection risks make up the two halves of audit risk. The danger that the financial results may be materially misstated before the audit is known as the risk of material misstatement.

Regarding the accounting principles that apply to the company being audited, the auditor should consider the Securities Exchange Commission's regulations for that company.

Learn more about audits risk here:

https://brainly.com/question/4298484

#SPJ4

In a popular partnership, all events share legal and economic legal responsibility equally. The men and women are for my part responsible for the money owed the partnership takes on. Profits are also shared equally.

Franchising is where a person(franchisor) who has developed a sure way of doing a commercial enterprise offers another(franchisee) the right to use that commercial enterprise model in exchange for a fee. The business has constructed a certain reputation and has company recognition.

A employer is separate and awesome from its owners, who have restricted legal responsibility for the money owed of the compan

Learn more about general partnership here:

In a popular partnership, all events share legal and economic legal responsibility equally. The men and women are for my part responsible for the money owed the partnership takes on. Profits are also shared equally.

Franchising is where a person(franchisor) who has developed a sure way of doing a commercial enterprise offers another(franchisee) the right to use that commercial enterprise model in exchange for a fee. The business has constructed a certain reputation and has company recognition.

A employer is separate and awesome from its owners, who have restricted legal responsibility for the money owed of the compan

Learn more about general partnership here:

Any bank will let you start an account of this simplicity. By definition, a savings account enables you to put funds into a bank account that is kept secure.

When interest is compounded in savings accounts, it can be done daily, monthly, or quarterly, and you get interest on top of the interest that has already been accrued. Your savings will increase more quickly the more regularly interest is added to your balance.

When you need money, you can get it from a savings account. minimal danger involved Your money is protected up to $250,000 per depositor, per FDIC-insured bank, and per ownership type by the Federal Deposit Insurance Corporation (FDIC).

To know more about savings account visit :-

https://brainly.com/question/30545751

#SPJ4

Nitrogen costs $0.40 per pound and corn price is $4.00 per bushel. At the profit maximizing amount of output profit per acre is $2.15.

In other words, by setting marginal revenue to zero, which occurs at the maximum level of output, one may find the quantity and price that maximises profits. When the total revenue curve reaches its maximum value, marginal revenue is equal to zero. A scheduled airline flight is an example. Profit depends on the equation profit = Total revenue - Total cost. As a result, a company optimises profit when the first order, MR = MC, and the second order depend on the first order. Regarding the time frame for making a profit and the objectives of the company, this idea contrasts from wealth maximisation is profit maximizing amount.

To learn more about profit maximizing amount click,

https://brainly.com/question/28253283

#SPJ4

In large organizations, conflicts can be resolved by aligning departments toward common goals and helping them resolve conflicts through their shared purpose.

Conflicts are a common phenomenon in large organizations where multiple functional areas work together towards a common goal. These conflicts can arise due to differences in priorities, limited resources, competition for recognition, or due to conflicting goals. To resolve these conflicts, organizations can adopt a strategic approach that aligns departments toward common goals. This helps to bring all departments together and focuses their efforts on the organization's shared purpose. By aligning departments towards a common goal, it becomes easier to resolve conflicts as departments will be more willing to find mutually beneficial solutions. Additionally, this approach can help to foster a culture of collaboration and cooperation, reducing the likelihood of future conflicts. It is important to note that putting financial objectives above human considerations can cause debate and increase conflict, thus it is crucial to find a balance between financial and human considerations when resolving conflicts.

To know more about conflicts in business, visit:https://brainly.com/question/13466304

#SPJ4

Technology innovations do NOT effect industries in there entirety, just individual products - False.

Technology advancements may significantly affect whole sectors as well as specific items. For instance, the introduction of the Internet has transformed several businesses, ranging from media and entertainment to shopping and advertising. Similar to how conventional manufacturing and production processes have been impacted by automation and robotics advances. New products and services, modifications to how commodities are manufactured and delivered, and changes in the need for particular occupations and skills can all be a result of technological advancements. As a result, they can affect more than just specific items; they can also have broad effects on whole sectors.

For such more question on false:

brainly.com/question/28381982

#SPJ4

Income statement is the financial statement that would show how well a company performed over the past year.

An income statement displays the revenues, costs, and profitability of a business over time. It is also sometimes referred to as an earnings statement or a profit-and-loss (P&L) statement. It displays your sales revenue for goods and services. expenses for running your firm and generating money.

An income statement's objective is to display a company's financial success over a specific time frame. It narrates the financial history of a company's operations. You may discover all of the revenue and expense accounts for a specific time period in an income statement.

To know more about Income statement, visit:

brainly.com/question/14308954

#SPJ4

The loan will be repaid in 241 months. The completely amortizing mortgage is a type of loan in which the borrower makes regular payments that cover both the interest and the top quantum.

To calculate the number of months it will take to repay a fully amortizing mortgage, the formula is

n = (r × P) / (P - r)

where n is the number of payments, r is the yearly interest rate, and P is the yearly payment. In this case, the loan is for $114,000 at 6.5% interest with a yearly payment of $1,070 .

Putting these values we get:

n = (0.0542 ×$114,000) / ($1,070 - 0.0542 × $114,000)

n = 240.25

Rounding up to the nearest whole number, the loan will be repaid in 241 months. Which is equivalent to 20 years and 1month.

To learn more about Amortizing mortage:

https://brainly.com/question/15579486

#SPJ4

Aven obtains a 3-year note receivable for products sold from a client. In its financial accounts, Raven should include this note receivable as a non-current asset.

A note receivable is a written contract that commits one party to pay another party a certain amount of money on one or more future dates. This is seen as a benefit by the note's bearer. Occasionally, past-due accounts receivable are converted into notes receivable to extend the debtor's time to pay.

Sometimes the owner of the firm additionally includes a personal assurance in these remarks. A note receivable should be included as a current asset on the balance sheet if it is due within a year. A non-current (long-term) asset should be documented if it is due in more than a year.

Learn more about notes receivable:

https://brainly.com/question/28013629

#SPJ4

The present value of the cash flows for the discount rates of 7%, 17%, and 25% are $741.87, $470.24, and $324.33, respectively. Present value is the value today of a future sum of money or stream of cash flows, discounted at a specified interest rate.

In other words, it's the amount of money that you would need to invest today in order to receive a future payment or series of payments, adjusted for the time value of money. The present value calculation takes into account the opportunity cost of not having the money available today and the rate of return that could be earned if the funds were invested. The present value is a fundamental concept in finance and is used in various financial applications, such as capital budgeting, valuation of bonds and stocks, and pension planning.

a. If the discount rate is 7%, the present value of the cash flows can be calculated as follows:

PV = [tex](800 / (1 + 0.07)^1) + (21,090 / (1 + 0.07)^2) + (31,350 / (1 + 0.07)^3) + (41,475 / (1 + 0.07)^4) = 741.87[/tex]

b. If the discount rate is 17%, the present value of the cash flows can be calculated as follows:

PV =[tex](800 / (1 + 0.17)^1) + (21,090 / (1 + 0.17)^2) + (31,350 / (1 + 0.17)^3) + (41,475 / (1 + 0.17)^4) = 470.24[/tex]

c. If the discount rate is 25%, the present value of the cash flows can be calculated as follows:

PV =[tex](800 / (1 + 0.25)^1) + (21,090 / (1 + 0.25)^2) + (31,350 / (1 + 0.25)^3) + (41,475 / (1 + 0.25)^4) = 324.33[/tex]

Learn more about present value: https://brainly.com/question/30394590

#SPJ4

Answer:

The key element in socialism is collective ownership and control of the means of production, with the goal of achieving greater equality and fairness in the distribution of wealth and resources. This can be accomplished through various forms of government intervention, such as nationalization of industries, cooperative enterprises, and progressive taxation. The ultimate aim of socialism is to create a more equal and just society, where every individual has access to the resources they need to fulfill their basic needs and lead a fulfilling life.

True .The statement stated by Ram Charan is correct.

In general, a business is a legal construct with limited liability, perpetual succession, and independent legal existence. It is a cooperative gathering of individuals to provide the involving the production for the operation of the company.

The Companies Act defines a company as a type of commercial entity. It has a distinct identity from those who are its members or who run it legally. This makes it a legal construct that can be thought of as a person. According to the 2013 Companies Act

To know more about the Company visit;

https://brainly.com/question/24315759

#SPJ4

Marketing research is used when marketers need insights into customer needs, product preferences, buying behavior, satisfaction, and many other things and the data is not readily available - True.

To better understand customer behaviour and market trends, marketers conduct systematic data collection, analysis, and interpretation processes. Understanding client demands, product preferences, purchasing patterns, customer happiness, and other important marketing-related topics is the aim of marketing research. Making educated judgements regarding product development, marketing tactics, and other company endeavors requires the utilisation of this information.

Surveys, focus groups, and observational studies are just a few of the qualitative and quantitative research techniques frequently used in marketing research. Business choices are based on the findings of marketing research, which also aids businesses in staying one step ahead of the competition.

For such more question on research:

brainly.com/question/28810156

#SPJ4

The manager should plan his/her day by completing the high priority tasks as early in the day as possible.

Prioritizing high-priority tasks and completing them early in the day is a good strategy for managing one's day effectively. By starting with the most important and urgent tasks, you can ensure that you are using your time and energy on the things that have the greatest impact on your goals and responsibilities. Additionally, completing high-priority tasks first thing in the morning can help you feel more productive and motivated, as well as reduce the stress of having important tasks looming over you for the rest of the day. It is also important to regularly re-evaluate and adjust your priorities as the day progresses, in case new tasks or emergencies arise that require your attention.

Know more about high-priority - https://brainly.com/question/6778380

#SPJ4

In the food service industry, jobs that involve the actual preparation of food, like cooking a dish, assembling a salad, or providing a beverage, are typically referred to as "back-of-house" jobs.

These jobs are usually performed by line cooks, prep cooks, chefs, and kitchen staff. Back-of-house jobs are an essential part of the food service industry, as they are responsible for creating the dishes and beverages that are served to customers. These jobs typically require specialized skills, knowledge of food preparation techniques, and a strong attention to detail, as well as the ability to work in a fast-paced, high-pressure environment.

Examples of back-of-house jobs include:

Line Cook: prepares and cooks food in a commercial kitchen

Prep Cook: performs basic food preparation tasks such as chopping, dicing, and peeling

Chef: oversees the entire kitchen operation and is responsible for menu development, food quality, and kitchen efficiency

Kitchen Staff: performs various tasks such as dishwashing, food preparation, and cleaning

Overall, back-of-house jobs play a crucial role in the food service industry, as they are responsible for creating the dishes and beverages that are served to customers and help ensure that food service operations run smoothly and efficiently.

To learn more about food service industry please click on below link.

https://brainly.com/question/28504125

#SPJ4

According to the UCC, a commercial contract is an enforceable arrangement that involves the transfer of ownership of products from a seller to a buyer in exchange for money.

A system of laws controlling sales and business dealings is known as the uniform commercial code (UCC). [1] The goal of any uniform code is to establish a uniform body of law that applies to all relevant jurisdictions. A jurisdiction cannot be bound by the UCC's or other standard code's provisions unless that jurisdiction has adopted them. However, all 50 states have adopted the UCC in whole or in major part. Numerous articles in the UCC address various aspects of commerce. This lecture will concentrate on UCC Article 2, which governs contracts for the sale of goods. We will give examples of instances in which Article 2 is applicable and go over various useful ideas from Article 2 that have an impact on contracts and sales.

Learn more about commerce here-

https://brainly.com/app/ask

#SPJ4

The net cash flow from operating activities is the total cash generated or used by a business in its day-to-day operations. In this case, the net cash flow from operating activities was $7,900.

To calculate net cash flow from operating activities:

This figure was calculated by adding the revenue on account and cash collections of accounts receivable, and subtracting the cash paid for operating expenses and employee salaries accrued. Therefore, the business had a net cash flow of $7,900 from its operating activities for the year.

Learn more about cash flow: https://brainly.com/question/735261

#SPJ4

As the assistant brand manager that need to analyze the three concepts and determine which one would meet the highest consumer need as described in maslow's hierarchy. An option i would choose is a product concept that includes having the brand logo prominently displayed.

Generally, an assistant brand managers assist brand managers with analytical and administrative support as well as day-to-day operations of a marketing department or company.

As an assistant brand manager, you will plan and coordinate effective policies that will assist the department in meeting its objectives.

Read more about brand manager

brainly.com/question/29037655

#SPJ1

According to Scantron Inc., while it only needs to recall 5% of its goods, its rivals must recall 10% of them. Scantron emphasizes compliance as a quality dimension.

the knowledge and expertise held by an organization. Core competencies include business skills, technological skills, business skills, and business process skills. Unique capabilities are those tasks that the organization excels at performing above and beyond what its rivals can.

Key Capabilities are the systems and individuals that carry out the value-added tasks that develop a company's product/service offerings or support the expansion of the markets it serves.

To know more about  Scantron emphasizes visit:

brainly.com/question/17102270

#SPJ4

Demand rises in proportion to price decline. This is the Demand Law. An inverse relationship is shown on a graph as a left to right, downward sloping line.

Quantities demanded and supplied will exceed each other if the price is below the equilibrium level. There will either be an oversupply or a scarcity. Quantities supplied and sought will outweigh one another if the price is higher than the equilibrium level.

Higher costs decrease the quantity sought because consumers' spending power is constrained by the scarce resources they have available to them. In contrast, demand increases as the price of the good drops. So, as shown in the graph below, demand curves slope downward from left to right.

To Know more about downward sloping line.

https://brainly.com/question/11074281

#SPJ4

The amount of cash required at closing for Sam and Joan will be $25,250. This is calculated by taking 10% of the bid amount of $250,000 ($25,000) plus one discount point of $250. The calculation is shown below:

Down Payment: 10% x $250,000 = $25,000

Discount Points: 1 x $250,000 = $2,500

Total Cash Required: $25,000 + $2,500 = $25,250

A discount point is an upfront fee that is paid to reduce the loan's interest rate. This is usually 1% of the loan amount, so in this case it is $250. This fee is usually paid by the borrower, which in this case would be Sam and Joan, and is included in the amount of cash they must bring to closing. They will also need to cover any additional closing costs, such as any prorated property taxes or home inspection fees, so it is important to check with the closing agent that they have enough cash to cover the total amount needed.

To know more about borrower click here

https://brainly.com/question/29550173

#SPJ4

Taxes are based on taxable income, which is revenue less general and administrative expenses (G&A), selling and marketing, R&D, depreciation, and other operating expenditures.

For the fiscal year 2021–2022, India's exemption revenue for dividend income is set at Rs. 5,000. Any dividends received up to this limit are therefore not subject marketing to taxation. Dividends that are received in excess of this amount are taxed at the appropriate rate. If the total amount of dividends given or paid to a shareholder during the financial year is $10,000 or more, an Indian corporation will deduct tax at a rate of 10% from dividends distributed to resident shareholders.

To learn more about revenue, click here.

https://brainly.com/question/29567732

#SPJ4

The correct answer is option c. Developing a marketing program that reaches the ultimate consumer directly for a product that incorporates your product, such as dupont advertising to consumers to increase the sales of carpeting which incorporates their product is known as stimulating demand.

Demand stimulation is referred as a process of increasing or encouraging the demand for a particular product or item in a market. It is defined as a form of marketing a product. It is adopted by many companies as it  promotes and increases the sale of their goods.

A marketing program is defined as a coordinated and well-designed set of activities which is used to achieve marketing objectives. Marketing objectives are referred as strategic sales goals which fits the products strengths. It is based on various characteristics of the product.

To know more about Demand stimulation refer to-

brainly.com/question/13069625#

#SPJ4

600 million is the difference in market share for these two firms.

Industry sales = $15 billions

Acme market share = 20%

Emca market share = 17%

Market share for Acme as measured by sales:

Acme marker share = 20% of $20 billion = (20/100)*20 = $3.00 billions

Emca's sales-based market share:

Emca market share = 17% of $20 billions = (17/100)*20 = $2.55 billions

Market share differences between two companies, expressed as a percentage:

Difference = |20%-17%| = 3% of $20 billion = 600 million

Market share is the portion of a sector's sales that a specific company controls. In essence, it is the portion of your company's overall industry revenue that comes from selling its goods and services. Larger market share companies are leaders in their industries and smaller companies must compete with them.

To know more about Market share, visit:

https://brainly.com/question/15530466

#SPJ4

When Pete got home from work, he discovered that his refrigerator was damaged and that all of his frozen and refrigerated food had to be thrown out.

A man gets his energy from appreciation. He will look for opportunities that will increase in value first. A man has more energy to use the more recognition he receives. See what a man responds when you ask him what makes him feel valued.

The first step in the purchasing process is the identification of a requirement or problem. There won't be a purchase if there is no necessity. When there is a discrepancy between the customer's actual condition and their ideal or desired one, this acknowledgment takes place.

To know more about need recognition visit:

https://brainly.com/question/23176347

#SPJ4

Value engineering is the process that aims to improve performance at a reduced cost while preserving all functional requirements specified by the client.

'What are Value engineering?'

Value engineering is a methodical, planned strategy for delivering essential project functionalities at the lowest cost. Value engineering encourages the use of less expensive substitutes for materials and techniques without compromising functionality.

Instead than emphasising the physical characteristics of different parts and materials, it only focuses on their functions. Value analysis is another name for value engineering. Value engineering is the process of reviewing new or current goods throughout the design phase in order to lower costs and improve functionality in order to boost the product's value.

know more about engineering here

https://brainly.com/question/19117846#

#SPJ4

One principal way that an organization can act ethically toward employees and meet their expectations is by "treating employees fairly and with respect".

This can include:

By meeting these expectations, companies can foster a positive work environment, build trust and respect with employees, and ultimately create a more productive and successful business. Additionally, acting ethically toward employees can help a company build a positive reputation and demonstrate its commitment to corporate responsibility and sustainability.

You can learn more about treating employees fairly at

https://brainly.com/question/30457962

#SPJ4

The statement "RACI (responsible, accountable, consult, inform) charts go beyond a communication plan in that they identify every project activity and specify the exact involvement of each stakeholder" is true because a RACI chart is a management tool used to clearly define and communicate the roles and responsibilities of team members in a project.

The acronym RACI stands for Responsible, Accountable, Consult, and Inform, and each of these terms refers to a different level of involvement in a project activity. The RACI chart goes beyond a communication plan by identifying every project activity and specifying the exact involvement of each stakeholder, thus ensuring that everyone has a clear understanding of their responsibilities and accountability. This helps to minimize confusion, ensure that all activities are completed on time and to a high standard, and promote effective teamwork.

You can learn more about RACI at

https://brainly.com/question/29463418

#SPJ4

Because you understand the law of demand, you can deduce that the correct graphical representation of the demand for records must be downward-sloping.

The law of demand states that, all other things being equal, as the price of a good or service increases, the quantity of it demanded will decrease, and vice versa. This relationship between price and quantity demanded is represented graphically as a downward-sloping demand curve.

The demand curve shows the relationship between the price of a good or service and the quantity demanded at that price. The downward slope of the demand curve reflects the inverse relationship between price and quantity demanded, as described by the law of demand.

In the case of records, if the price of records increases, it is likely that the quantity of records demanded will decrease, and vice versa. The correct graphical representation of the demand for records, therefore, must be downward-sloping, reflecting the inverse relationship between price and quantity demanded.

To learn more about law of demand click on,

https://brainly.com/question/14388622

#SPJ4