The elements outside of a company's control that have an impact on operations and success are known as external effects. Government laws, economic downturns, population demography, and technology are among examples.
How to illustrate the information?Some workers exhibit resistance to learning something new because they are simply hesitant to try new routines. They make statements like, "I already know everything I need to complete the job," or "I'm competent at what I do, why skew the boat?"
The strategies to manage change effectively include:
Plan Carefully.Tell the Truth. Communicate. Provide Training.Invite ParticipationTherefore, the elements outside of a company's control that have an impact on operations and success are known as external effects. Government laws, economic downturns, population demography, and technology are among examples.
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Apple is known for using a unique operating system that integrates well with peripheral devices such as ipod and iphone. what kind of strategy is apple using?
Apple is known for using a unique operating system that integrates well with peripheral devices such as ipod and iphone. what kind of strategy is apple using Differentiation.
What is Differentiation strategy?
Your company will differentiate itself from otherwise similar competitors in the market using your differentiation approach. Usually, it entails emphasizing a significant distinction between you and your rivals. And your potential customers must value that difference.
Therefore,
Apple is known for using a unique operating system that integrates well with peripheral devices such as ipod and iphone. what kind of strategy is apple using Differentiation.
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An increase in supply will cause equilibrium price to __________ and equilibrium quantity to __________.
An increase in supply will cause equilibrium price to decrease and equilibrium quantity to increase.
The equilibrium price refers to the price at which the demand and supply of a product or service in the market is equal, leading to stable prices. It is the law of the market that the price of a good will eventually fall or rise to its equilibrium, after adjustments in the demand or supply side of the good.
If the supply of a good increases, its equilibrium price will decrease as there is more of the good in the market. And if the price does decrease, the quantity demanded of the good will increase as more people are able to afford the good or buy a greater quantity.
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______ is where a media company uses its combined properties to promote each other and add value to the company. group of answer choices broadband networks synergy e-commerce competition
Synergy is where a media company uses its combined properties to promote each other and add value to the company.
How would you describe long tail media?The long tail is a business technique that enables businesses to make huge profits by selling small quantities of difficult-to-find goods to many of clients as opposed to only selling big quantities of a small number of popular goods. Researcher Chris Anderson initially used the word in 2004.
They gather user data via games, tests, and other interactive content, then sell that data to business partners.
Chris Anderson came up with the phrase "The Long Tail" to express the concept that the internet has changed the sorts of items that generate the majority of the income, making the sale of a lot of specialised products more crucial to a company's sales.
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The underlying conditions that create demand by users for reliable information include?
Transactions that are numerous and complicated, users who are separated from accounting records by distance and time.
Financial judgments that are significant to users and investors, and time-sensitive decisions are some of the underlying factors that drive demand by users for trustworthy information.
An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction. In corporate accounting, the phrase is also frequently used. This simple definition can be difficult to apply in business bookkeeping. Depending on whether a corporation employs accrual accounting or cash accounting, a transaction may be recorded by it sooner or later.
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What best explains why the employee of the month program failed to work? choose the correct answer.
"The decision-makers didn't use the scientific method to test if their ideas made sense" best explains why the employee of the month program failed to work. Option A
This is further explained below.
What is the scientific method?Generally, Since the 17th century at the very least, the progression of scientific inquiry has been defined by the use of the scientific method, which is an empirical technique of collecting information.
It requires thorough observation as well as the application of rigorous skepticism about what is seen, given that one's cognitive assumptions might affect how one understands the data.
In conclusion, The fact that the decision-makers did not put their ideas through the rigorous examination needed by the scientific method perhaps explains the failure of the employee of the month program the most simply. Alternative A
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complete question
What best explains why the employee of the month program failed to work?
Choose the correct answer.
A) The decision-makers didn't use the scientific method to test if their ideas made sense
B) The Hawthorne effect suggests the decision-makers gave employees too much attention
The two major benefits that arise from the market system's restriction of business risk to owners and investors are:________
The key advantage of risk management for those involved is that it makes it possible for the project to run smoothly. The possibility of achieving desired results is raised, decision-making is facilitated, and responsibility is distributed to risk owners.
Greater emphasis on regulatory outcomes, resources, and actions across the entire organization. Greater adaptability to changing circumstances increased transparency through accountability and transparent results.
Risk stakeholders are the individuals who are (or believe they are) impacted by a choice, course of action, tactic, or procedure. A stakeholder may change at any point during the process and might be an individual, an organization, or a grouping within an organization, such as the management.
The two major benefits that arise from the market system's restriction of business risk to owners and investors are Risk Management
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A well-conceived and communicated strategic vision ordinarily does not result in?
Typically, stakeholders do not complain that the company is directionless after hearing a well-developed and expressed strategic vision.
What Is Vision, Exactly? And why is it so crucial for a leader to convey their vision?The organization's desired achievement or future state is described by its vision. To motivate, define, and focus the effort, a vision must be communicated in order to fulfill its purpose.
One of your responsibilities as a leader is to inspire dedication to your organization's goal, as stated in our handbook Communicating Your Vision. You must convey the vision in a way that matters to people in order to accomplish this. You want the organization's members to embrace the vision and spread it to others.
The organization's vision needs to be communicated by the leaders in several different methods.
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According to the eight-stage model of planned organizational change, a change process includes:______.
According to the eight-stage model of planned organizational change, a change process includes: unless people see positive results of their efforts, motivation can wane during a major change project.
What are the stages of The Eight-Stage Process of Creating Major Change ?
These are the stages:
1. Create a Sense of Urgency
2. Putting together the Leadership Group
3. Vision and Strategy Creation
4. expressing the change's vision
5. Aligning the Organization or Enabling Wide-Reaching Action
6. Creating Quick Success
7. Increasing change and consolidating gains
8. Introducing innovative strategies into culture
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The desk manager at one location of a hotel chain studies her operations manual and does everything "by the book." at the very least, her hotel should have a high level of?
Conformance quality.
How Should We Define Conformance Quality?Based on what they believe to be their consumers' demands, manufacturers of goods and services establish certain benchmarks for their products. Once the succeeding goods and services are produced, they will be compared to these benchmarks as expectations. It is referred to as having great conformance quality when a product closely matches the desired standards.
The product is said to have low compliance quality, on the other hand, if it significantly deviates from the planned design. Tolerances are included in by manufacturers since it is challenging to match desired values precisely. These tolerances describe the amount of deviation from the target that a good or service can have while still being deemed to have an acceptable level of conformity.
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She expresses her concern to a senior human resources manager. this method of expressing concern about an instance of illegal employment through proper channels is known as:_________
This method of expressing concern to a senior human resources manager about an instance of illegal employment through proper channels is known as opposition.
A human resources manager has a lot of functions such as, selecting employees, recruiting, inducting employees, providing orientation, imparting training, appraising the performance of employees, motivating employees, giving compensation and benefits, etc.
So in an organization, if there are any concerns regarding, for instance illegal employment, then the human resources manager is approached. Thus, this method of expressing concern through proper channels is known as opposition.
Hence, the opposition is a disagreement with something, often by speaking or fighting against it.
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A manufacturer has a monthly fixed cost of $100,000 and a production cost of $22 for each unit produced. the product sells for $25 per unit. find the break-even revenue.
A manufacturer has a monthly fixed cost of $100,000 and a unit manufacturing cost of $22. The product costs $25 per unit. The revenue required to break even is (100000/3,2500000/3)
What is Break-Even?
The point at which a small business makes a profit is called break-even. A small business's break-even quantity is the number of units it must sell to make back all of its expenses, whereas its break-even income is the amount of sales it must make to do so. An internal management accounting tool that establishes the connection between cost, volume, and profit is break-even analysis. Fixed costs divided by contribution margin ratio, which is equal to contribution margin divided by total revenue, equals break-even revenue. The difference between revenue and variable costs is the contribution margin. Rent, insurance, executive compensation, upkeep, and property taxes are examples of fixed costs. Even if a tiny business doesn't generate any money, it will still have certain fixed expenses.
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lef evaluation of your work.
Activity
Choose two consumer protection laws and, in about 500 words, describe the benefits they provide for consumers and the costs to society.
The two consumer protection acts are the Federal Food, Drug, and Cosmetic Act and Truth in Lending Act. The benefits of the acts are discussed as below.
What is Consumer protection?Consumer protection refers to the protection of the buyers from the low quality commodity and products that are hazardous to life. It also includes to safeguard the customers from the unfair practices.
The Federal Food, Drug, and Cosmetic Act states that the legislation oversees the degree of quality for this food, pharmaceuticals, medical equipment, and cosmetic items manufactured and purchased by American customers.
The truth in Lending Act is a federal statute that permits borrowers to make certain claims about consumer credit conditions and rates. Its standards govern open-end lines of credit, shuttered personal loans, retail lending, and private financing to universities.
Therefore, it can be included that Federal Food, Drug, and Cosmetic Act and Truth in Lending Act are the laws meant to protect the customers.
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A useful way of standardizing financial statements is to choose a _______ year and then express each item relative to that amount.
A useful way of standardizing financial statements is to choose a base year and then express each item relative to that amount.
This is further explained below.
What is a financial statement?Generally, Financial statements are written documents that represent a company's commercial operations as well as its financial performance within a certain period of time.
Audits of financial accounts are often conducted by government agencies, accounting firms, and other organizations for the objectives of ensuring their correctness and meeting the requirements for taxation, financing, and investing.
In conclusion, Selecting a base year and then expressing each item in terms of its relationship to that amount is a practical strategy for standardizing financial statements.
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Airline revenue per passenger mile and hotel revenue per full-time employee are examples of _____ measures.
Airline revenue per passenger mile and hotel revenue per full-time employee are examples of productivity measures
A productivity measures are values or metrics that allow to carry out a control and follow-up of the fulfillment of the activities in a company. This helps to improve processes by detecting where there are delays in the execution of planned activities.
What is productivity?Productivity is an indicator that expresses the amount of activities, products or services that have been completed or produced in a given time.
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Under both accrual-basis and cash-basis accounting, all revenues and expenses are recorded at the same point in time. True or false?.
It is false that under both accrual-basis and cash-basis accounting, all revenues and expenses are recorded at the same point in time.
What is accrual-basis accounting?In the world of finance, accrual refers to the process of accumulating interest or various investments together over time.When a transaction is documented as having occurred rather than when a payment is made or received, this accounting method is known as accrual accounting. According to the matching principle, income and expenses should be recorded in the same period, and this is how the approach operates.Any income made or expense incurred for which money has not yet been exchanged requires accruals. By including relevant information regarding recently extended short-term credit to consumers and upcoming liabilities owed to lenders, accruals enhance the quality of the information on financial statements.Learn more about accrual accounting here:
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True or false: unlike the economic system of a country, the legal system is not influenced by the prevailing political system.
The statement is False. Unlike the economic system of a country, the legal system is not influenced by the prevailing political system.
Free market, command, and mixed economies are the three primary types. The chart that follows contrasts command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course.
A common law system has the advantage of allowing you to be certain of the outcome of your case if a similar case has already been heard. The disadvantage is that if you have a unique circumstance, a court might easily create a new law and apply it to your situation.
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When clients work with their investment advisers, they ________ their investment portfolios. cocreate expand initiate discover balance
When clients work with their investment advisers, they . co create their investment portfolios.
What is in an investment portfolio?A portfolio may be a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). People generally believe that stocks, bonds, and cash comprise the core of a portfolio.
Why is an investment portfolio important?A portfolio with an appropriate (diversified) mixture of investments not only helps an individual protect her/his invested capital but also allows them to position it in a way that it has the potential to earn desirable returns.
What is the purpose of portfolio?Portfolios are employed by working professionals, companies and students to spotlight their best work and display accomplishments, skills and potential. They visually showcase samples of work, while a resume only provides bullet points.
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What resources are available to assist counselors in the selection of the appropriate psychological tests and/or assessments for a client?
Psychological tests and/or Assessments for a client: Client's past records, Relevant publications, Referral information, Standardization, Objectivity, Reliability, Validity
Psychological assessment:
A clinical psychologist's psychological testing and interviewing techniques assist firms in selecting the best candidates. Using Dr. Bargreen's method for candidate evaluation, you can tell if a potential employee is a suitable fit for your business and analyse whether they have the potential to advance it. Psychological assessments can be used in scenarios involving hiring decisions, succession planning, managerial selection, and employee counselling. In terms of money, psychological testing can help your company avoid spending thousands of dollars on the wrong hire. By excluding people who are not a good fit for your organisation, psychological testing helps safeguard your business. Dr. Bargreen conducted his PhD dissertation on the number one personality assessment tool, the MMPI-2 and can boost your business by helping you hire the proper individual for the position.
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The foreign corrupt practices act makes it illegal for employees of us companies to _____.
The Foreign Corrupt Practices Act makes it illegal for employees of U.S. companies to make "questionable" or "dubious" contributions to political decision makers in foreign nations.
What is the purpose of the Foreign Corrupt Practices Act ?The Foreign Corrupt Practices Act serves as an act that was set up in the United States federal which is a law that prohibits U.S. citizens as well as entities from bribing operations.
It prevent dubious act from foreign government officials with respect to business interests, hence Foreign Corrupt Practices Act makes it illegal for employees of U.S. companies to make "questionable" or "dubious" contributions to political decision makers in foreign nations.
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If a customer buys 1 xyz aug 50 put at 1 and sells 1 xyz aug 65 put at 10 when xyz is at 58, the maximum potential gain is?
If a client buys 1 XYZ Aug 50 put at 1, and deals 1 XYZ Aug 65 put at 10 when XYZ is at 58, the greatest potential gain is 900.
The Formula and Calculation of Time ValueThe instructions below show that time value is derived by removing an option's intrinsic value from the option bonus. In other words, the time worth is what's left of the premium after calculating the profitability between the strike expense and the stock's price in the market.
The maximum gain on any distinction spread is the net credit. In this issue, $1,000 was received and $100 paid out, so the net recognition is $900.
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If buyer power is blank______, customers can force a company and its competitors to compete on price, which typically drives prices down.
A strategy can be thought of as the establishment of broad principles via which a business seeks to protect its competitive advantage—its clientele.
Investors were offered CDS as insurance against the devaluation or default of mortgage-related assets backed by risky loans. It is a crucial resource for comprehending the primary competitive forces at play in a given business. You can use this to evaluate an industry's attractiveness and identify strategic gaps that could increase profitability.
Depending on the circumstances, a corporation should either ignore, defend, mitigate, or accommodate a danger from a competitor's price.
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In the prs country composite risk ratings, a score of ______ represents the least risky and a score of _____ represents the most risky.
In the prs country composite risk ratings, a score of 100 represents the least risky and a score of 0 represents the most risky.
The term "risk rating" refers to the categorization of risks and their effects on the business in terms of reputational or financial harm to a company or industry. Due to the fast-paced business environment, organizations should think about performing at least a yearly risk rating review. Identifying and analyzing potential events that could harm people, property, and/or the environment, as well as making decisions "on the tolerability of the risk on the basis of a risk analysis" while taking influencing factors into account, are all parts of a risk assessment. Risk levels can range from low to high. Based on the ranking of the risk's likelihood and impact, each enterprise risk has a corresponding risk level. The basis for setting priorities and taking action is the level of risk.
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Companies progress through the stages of a business-stakeholder relationship in what way?
Describing the involvement, influence, and areas of interest of each stakeholder in the project. approving the method of engagement to be used. Up until the project is finished, managing the ongoing relationship and making adjustments as necessary.
The method by which you manage your relationships with your stakeholders is known as stakeholder management. It entails methodically locating stakeholders, assessing their requirements and expectations, and organising and carrying out various actions to interact with them.
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Market value of a firm is the relevant measure of maximizing shareholder wealth because it:_________
The correct answer is "generates revenue to raise the dividends that are paid on each ordinary shares".
The outstanding shares of a corporation are multiplied by the current market price to get market value, sometimes referred to as market cap. If XYZ Company has 1 million outstanding shares and trades at $25 per share, its market value is $25 million.
Why is a company's market value important?Market value, sometimes referred to as OMV or "open market valuation," is the cost that an asset would command on the open market or the estimation that the financial community makes of a certain equity or company. One of the key reasons market value is significant is because it offers a clear technique for figuring out how much an item is worth, eliminating any ambiguity or confusion. Customers and sellers frequently view a product's worth differently in the marketplace.
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What were the three key observations made by darwin that allowed him to deduce that natural selection is a primary driver of evolution?.
Populations of organisms vary, more offspring are produced than can survive, and the relative frequency of favorable mutations rises with time.
What is natural selection?According to Charles Darwin's theory of evolution, natural selection is the driving force behind evolution. Physical traits vary across individuals within a species. Their varying genes are the reason of this variance. People that have traits that are most compatible with their surroundings are more likely to live, locate food, avoid predators, and be disease-resistant. These people have a higher propensity to reproduce and convey their genes to their offspring. Individuals with inadequate environmental adaptation have a lower chance of surviving and procreating. As a result, the likelihood of their genes being passed on to the following generation is lower. As a result, the species will eventually develop through time if the individuals who are most adapted to their environment survive.
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How many more chicken feet were demanded in 2018 , at a price of $1.25 a pound, than in 2008 ?
6.7 million lbs more chicken feet were demanded in 2018
Supply and demand is an economic theory that describes how prices are set in a market in microeconomics. In a competitive market, it is hypothesized that, all else being equal, the unit price for a specific good or other traded good, such as labor or liquid financial assets, will fluctuate until it starts to settle at a point where the quantity demanded (at the current market price) will equal the equilibrium quantity (at the current price), resulting in an economic balance for price and quantity transacted. It is the theoretical cornerstone of contemporary economics. The consumer spending supply model has also been applied to macroeconomics to illustrate how the amount of total production and the aggregate price level may be established in equilibrium.
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A firm has a return on equity of 21 percent. the total asset turnover is 2.0 and the profit margin is 9 percent. the total equity is $7,400. what is the amount of the net income?
The amount of the net income is $1554.
What is Net Income?
Net income, in both business and accounting, is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period. The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.
The performance of various businesses in a given industry is analyzed and compared using a variety of financial measurements. Efficiency ratios, liquidity ratios, profitability ratios, and solvency ratios are the typical categories for these ratios.
The net income is given by:
=Return on Equity* Total equity
= 21%* $7,400
=$1554.
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Lindsay is an analyst at a large power company. she creates a custom spreadsheet showing how cold weather might affect the company's profitability. this shows her ________ skills.
This demonstrates her capacity for systems thinking.
Understanding
This course serves as an introduction to systems thinking, a leadership philosophy that acknowledges the interaction between individuals, groups, and systems within organizations to promote or impede overall well-being. Wherever your ministry takes you—whether you're leading a congregation, serving as a chaplain, managing volunteers at a voter registration drive, or living in a cooperative or a homeless camp—knowledge of systems thinking equips you with the skills you need to respond effectively to the needs of the system you're in.
A multi-cultural, anti-oppressive knowledge of the intersectionality of systems and identities, power and privilege will serve as the foundation for our study of congregations and other systems (likely the medical-industrial and educational systems.
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In its simplest form, ___________ represents streams of raw facts with limited usefulness until organized.
In its simplest form, Data represents streams of raw facts with limited usefulness until organized.
What is named raw data?
Raw data (sometimes named source data, atomic data or primary data) is information that has not been processed for use. A distinction is occasionally made between data and information to the result that information is the end consequence of data processing.
What is raw data and processed data?
In short, data arrives from raw data! The collection of raw data is usually not ready for research, but once it's collected and cleaned up, it shifts into data. Processed data is the kind of data that is processed from raw data.
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According to the textbook, __________ is an influence tactic that increases commitment by allowing people to participate in deciding how to carry out or implement a request.
The textbook claims that consultation is a persuasion technique that boosts commitment by letting individuals take part in choosing how to carry out or implement a request.
What do you mean by consultation?
An official discussion and working on anything is referred to as a consultation. It can also refer to a meeting with a professional or expert to gather knowledge.
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