Answer:
Benchmarking.
Explanation:
Benchmarking is a process that any company or organizations use to compare their own performance with that of other companies. This is most popular among companies belonging to the same industry. There are generally three, dimensions that are analyzed in this measurement process, they are: Quality, Time, and Cost.
Which of the following transactions require a TREC Seller's Disclosure Notice, to be provided?
A duplex
A commercial property
A new construction single-family site built home
A condominium
Answer:
none
Explanation:
The Texas Real Estate Commission (TREC) requires that the seller of residential property comprising not more than one dwelling unit must file a Seller's Disclosure Notice. This excludes a condominium or a duplex. Also, if the house is new and has never been used for residential purposes, then the seller doesn't have to file a disclosure either.
The purpose of the disclosure is to inform any issues related with the house that the seller is aware of. But this disclosure does not substitute any inspections that the buyer may want to obtain.
The TREC Seller's Disclosure Notice is required for a new construction single-family site built home and a condominium, which both fall under residential property transactions. The requirement generally does not apply to commercial properties or duplexes, depending on specific circumstances.
Explanation:In Texas, the Texas Real Estate Commission (TREC) requires a Seller's Disclosure Notice for most residential property transactions. Among the options provided, a TREC Seller's Disclosure Notice must be given in the case of a new construction single-family site built home and a condominium.
Both properties are considered residential, and Texas law generally mandates that sellers of residential properties must provide buyers with a disclosure of the property's condition.
However, the requirement does not typically apply for a duplex (if it is regarded as a residential property, it might require disclosure, but this can depend on specific circumstances), and it does not apply to a commercial property as those are not included under the rules requiring residential disclosures.
When Yahoo! develops new online services, the company develops a version of the service and shows it to customers. It solicits immediate feedback and then revises the trial version of the product. This process is continued. In this case, Yahoo! is utilizing ______.
a. wireframing
b. rapid prototyping
c. concept testing
d. protocol development
e. swift idea generation
Answer:
Correct Option is B (Rapid Prototyping)
Explanation:
Correct Option is B (Rapid Prototyping)
Rapid Prototyping is a technique which is used to test a new technology or hypothesis by giving it to the customer. Customer then use the product and provide feedback. From the customer feedback, changes are made according to the requirement and the feedback provided by the customer.
The process described by Yahoo! when developing new online services is known as rapid prototyping, where the company continuously develops, presents, and refines its services based on immediate customer feedback.
Explanation:When Yahoo! develops new online services, the process described involves creating a version of the service, presenting it to customers for their feedback, and then making revisions based on that immediate feedback. This continuous process of development, feedback, and improvement is best described as b. rapid prototyping. Rapid prototyping is a method used in product and service development that involves quickly creating testable versions of the service or product, gathering feedback, and making iterative changes until the final version is reached.
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Fergie has the choice between investing in a State of New York bond at 5.9 percent and a Surething Inc. bond at 9.4 percent. Assuming that both bonds have the same nontax characteristics and that Fergie has a 30 percent marginal tax rate, what interest rate does the state of New York bond need to offer to make Fergie indifferent between investing in the two bonds?
Answer:
the interest rate that the state of New York bond need to offer to make Fergie indifferent is 6.58%
Explanation:
After tax returning surething bond = 9.4%*(1-30) = 6.58%
when New York bond offers 6.58%,Fergie will be indifferent between investing in the two bonds
Therefore, the interest rate that the state of New York bond need to offer to make Fergie indifferent is 6.58%
Antwon manages a sheet metal shop, and he constantly looks for classes for his employees to take, searches for online videos describing better fabricating methods he can share with his employees, and tries to promote from within the shop. Antwon is engaging in ______
Answer:
The answer is b) Developmental Consideration. And how does this development occurs? Through Learning. More specifically Self Learning. In addition we can describe Antwon as a Lifelong Learner as well.
Explanation:
As you can see, Antwon is not guided by any one. He is looking for new ways and new knowledge all by himself to improve and develop his business. Moreover, he wants to share this new knowledge with his employees and improve their performance as well.
we can see all the qualities and characteristics of a learner from him, Self Motivations, Curiosity, voluntary action taking and sharing.
Antwon is engaging in professional development by promoting learning and skill development in his sheet metal shop.
Explanation:The activity described in the question is the promotion of learning and skill development in the workplace, which is known as professional development. It is the process of acquiring new knowledge, skills, and competencies to enhance one's career and improve job performance. Antwon's actions align with the goal of professional development, as he actively seeks opportunities for his employees to learn and grow, both through formal classes and informal learning resources. By promoting from within the shop, Antwon also demonstrates a commitment to nurturing talent and providing opportunities for advancement.
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In a bottle-manufacturing company, employees were divided into two teams, hoping to increase production by fostering competition. Each team produced 100 bottles per day. However, when the two teams were integrated into one single team, the numbers of bottles produced per day was 300. This was due to the increased division of labor and coordination among the employees. This approach is an example of _____
Answer: synergy
Explanation: Synergy refers to the idea that the total value and output of two groups of individuals should surpass the total of that same individual components.
Synergy is really a concept most frequently used within mergers and acquisitions (M&A). Synergy is most often a driving factor underneath a merger, or the possible financial gain gained through the combination of businesses.
Stockholders will profit if, owing to the synergistic impact of the transaction, the post-merger stock price of a corporation rises. The projected savings gained through the merger can be linked to various factors such as higher revenues, shared expertise, and innovation, or reduced costs.
It is the defining feature of our time. Bringing distant markets and people across the world together is a huge change that affects everyone, whether they are peasants in India, students in London, or bankers in New York. —Mike Moore, director-general of the WTO What movement is being described in the above passage?
Answer:
Globalization
Explanation:
Globalization originally referred to how multinationals started operating in different countries, but now it includes everyone. Globalization has changed the way the people around the world interact with each other, mainly due to the internet. Countries also interact differently with one another now, the world's economy is turning into one big global economy because trade is now much easier.
Wanda Elder works as a human resource executive. Being helpful is inherent in her nature, and she regularly interacts with employees, helping them understand their needs and easing difficulties. She reads emotional cues of people with ease and knows how to express her emotions without violating organizational norms. Which of the following is Elder characterized by?
A) high cognitive dissonance
B) low self-esteem
C) high emotional dissonance
D) high emotional intelligence
E) low job satisfaction
Wanda Elder is characterized by high emotional intelligence, which is demonstrated by her skilled interpersonal interactions and adeptness at understanding and managing both her own emotions and those of her colleagues.
Explanation:Wanda Elder is characterized by high emotional intelligence (EI). This is evident through her ability to read emotional cues with ease, express her own emotions appropriately within organizational norms, and assist employees in understanding their needs and managing difficulties.
Emotional intelligence in the workplace is a valuable trait, particularly in roles that involve leadership and human resources, as it encompasses the skills to accurately understand others' emotions, identify and label one's own emotions, and use emotions effectively to navigate social interactions and foster a productive work environment.
High emotional intelligence is linked to various workplace benefits, including improved job performance and the ability to inspire and motivate others, which are aspects of transformational leadership. Emotional intelligence has been shown to be a predictor of success in job training programs and learning on the job, further underscoring its relevance in managerial and complex technical jobs.
Large aircraft producers such as the Boeing Company normally use: Select one: a. Job order costing. b. Process costing. c. Mixed costing. d. Full costing. e. Simple costing.
Answer: Job order costing
Explanation:
The costing of work orders or job costing refers to the method for distributing and collecting production costs to a specific production unit. The costing method for job orders is implemented when the different items generated vary significantly from one another and each one has a substantial cost.
The job cost documents also perform as the conglomerate ledger for the expense of the job-in-process stock, the stock of finished products, and the charge of selling products to the supplier. Because there is a considerable difference in the produced goods, a separate department order cost report for each individual item is required for the job order pricing system.
Large aircraft producers such as the Boeing Company typically use a. job order costing for their manufacturing process.
Explanation:Job order costing is a cost accounting system used by businesses to allocate production costs to specific custom-made or unique products or services. It involves tracking the costs associated with each individual job or project, such as materials, labor, and overhead, to determine the total cost of producing a specific unit or batch of products. This method is commonly used in industries where products or services are customized to meet unique customer requirements, such as construction, printing, and custom manufacturing.
Job order costing provides detailed cost information for each job, aiding in pricing decisions and financial analysis. The large aircraft producers such as the Boeing Company typically use job order costing for their manufacturing process. Job order costing involves allocating the costs of materials, labor, and overhead to specific products or batches of products. This method allows for accurate tracking of costs for each individual order or product, which is important for large and complex projects like aircraft manufacturing.
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Peter has a business opportunity that requires him to invest $10,000 today to receive $12,000 in one year. He can either use $10,000 that he already has for this investment or borrow the money from his bank at an interest rate of 10%. However, the $10,000 he has right now is needed for urgent repairs to
his home, repairs that will cost at least $15,000 if he delays them for a year. Should Peter make the investment? If so, which alternative (b-d) is best? (Note: It’s okay in this case to consider the
financing decision along with the investment decision.)
A) No, since the net present value (NPV) of the investment, should he take it, is less than the net
present value (NPV) of the home repairs if he delays them for one year.
B) Yes, since he can borrow the $10,000 from a bank, repair his home, invest $10,000 in the
business opportunity, which has an NPV > $0 will mean that he will still come out ahead
after paying off the loan.
C) Yes, since the net present value (NPV) of the investment is greater than zero he can invest the
$10,000 in the business opportunity, and then next year use this money plus the benefit from
this money to make the necessary home repairs.
D) Yes, since the net present value (NPV) of the investment, should he take it, is greater than the
NPV of the home repairs if he delays for one year.
Answer:
B) Yes, since he can borrow the $10,000 from a bank, repair his home, invest $10,000 in the
business opportunity, which has an NPV > $0 will mean that he will still come out ahead
Explanation:
We should analyze considering the opportunity cost which is the cost of the best rejected alternative:
busines opportunity return: 12,000 - 10,000 = 2,000
bank loan: 10,000 - 11,000 = -1,000
home repairs 15,000 - 10,000 = 5,000
not doing the home repair will mean 5,000 dollar extra in repair expense next year therefore the best option is to repair the home.
The question now, if it takes the loan to finance the business or not:
As the business will yield 2,000 and the loan -1000 the net amount will be 1,000 Thus it should take the loan and make the business investment.
The federal organization to report unprofessional health care treatment is:__________
Answer:
The Office of Inspector General (OIG) for the United States Department of Health and Human Services (HHS)
Explanation:
The OIG is responsible for preventing and detecting fraud, waste, abuse, and mismanagement in more than 300 federal health programs run by the Health and Human Services (HHS), e.g. Medicare, FDA, CDC, National Health Institutes, etc.
Parker Pharmaceuticals is a corporation that employs over 400 workers. As the firm continues to grow, the need for discipline among employees has become more critical. The HR department and top executives are planning to revamp the disciplinary action process that is currently in place at Parker. Which of the following best supports a decision to use the progressive disciplinary action approach? A) Major violations and terminations rarely occur at Parker.B) Parker wants an informal procedure for disciplining employees.C) Managers at Parker have been inconsistent with disciplining employees. D) Chronic tardiness is the primary disciplinary issue among Parker employees
Answer:
The following best supports a decision to use the progressive disciplinary action approach:
B) Parker wants an informal procedure for disciplining employees.
Explanation:
A disciplinary procedure is the way your employer deals with discipline when they believe that your conduct or performance is not up to the expected standard. Disciplinary procedures may involve something as simple as an informal chat, and escalate to involve letters, meetings and appeals
Informal disciplinary actions include: oral or written admonishments; letters of counseling, caution, instruction or warning, as well as letters of requirement.
These are the steps of progressive discipline actions:
Step 1: Verbal Counseling(s) A verbal counseling is generally the first step of progressive discipline.
Step 2: Written Warning(s) A written warning is generally the second step of progressive discipline.
Step 3: Performance Improvement Plan (PIP).
Step 4: Termination of Employment.
In most cases, it is far better for the employer to resolve issues informally wherever possible. Depending on what the issue is, it may be appropriate to have an informal chat or verbal warning with someone rather than going through the process of issuing a formal warning.
The purpose of an informal meeting is to discuss issues which would not have an appropriate place in a formal meeting. They may be designed to make one of the participants feel more at ease and more free to speak their mind than they would in a more formal setting.
Fitch Supply Services received $1,000 cash from a customer; the amount was owed to the business from the previous month. What is the effect of this transaction on the accounting equation
Answer:
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
Explanation:
The Accounting equation for any entity is represented by the following equation:
Assets= Equity + Liability
When the entity receive any amount from customer in respect of the any credit sale made to him, the account receivable in the asset section will be decreased by the that amount and the cash section in the asset section will be increased by that amount.
In this case, Fitch supply services shall
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
When adding fields to a form, press Ctrl+F8 to show or hide the Field List.
a. True
b. False
Answer:
False
Explanation:
To show or hide the field list, when adding fields to a form, press 'ALT+F8'.
Which of the following statements regarding the market growth stage of the product life cycle is false?A. Innovators still earn profits, but this stage is less profitable for them than the previous stage.B. It is during this stage that the company makes its biggest profits.C. Monopolistic competition is typical of this stage.D. The sales of the total industry rise fairly rapidly during this stage as more and more customers buy.E. Many competitors enter the market during this stage resulting in great product variety.
Option A , Innovators still earn profits, but this stage is less profitable for them than the previous stage.
Explanation:
The second phase in the product life cycle is the stage of growth, and this is a crucial stage for several manufacturers to achieve a market position, increase sales and improve profitability.
The period of growth is that in time the product will be accepted by consumers, business and the general public more and more. During this phase, the product or innovation is acknowledged on the market and sales are therefore beginning to rise.
The extent to which a product keeps moving from the start to the growth stage and the rapid increase in revenue can vary significantly from market to another.
The Institute for Real Estate Management (IREM) was created as a subsidiary group of ___.
Answer:
the National Association of Realtors.
Explanation:
The Institute of Real Estate Management of the National Association of Realtors was founded in 1933, in Chicago. The IREM's goal is to set the standard for best practices in real estate management. The IREM currently has 19,000 individual members and 580 corporate members.
A registered investment advisor who is also a stockbroker decides to join a particular religious sect in order to sell securities to members of this particular religious sect in the community, his behavior:
[A] is unlawful under the Investment Advisors Act of 1940
[B] is unlawful under the Securities Act of 1933.
[C] is legal even though it is ethically questionable.
[D] may, at most, make the investment advisor subject to civil liability.
Answer:
[C] Is legal even though it is ethically questionable
Explanation:
Some actions and behaviours can be legal but unethical or ethically questionable. They are legal in the sense that no contractual laws or pre-agreed contractual terms are broken when engaging in such actions. They may, however, be ethically questionable because they are do not conform to professional or moral conducts and societal norms.
The primary reason to join a religious sect should be a level of belief in the tenets of the sect, therefore, joining such with the singular motive of selling securities to its members is a behaviour that is not unlawful but is professionally, socially and morally questionable as a stockbroker and belonging to a religious sect.
Final answer:
An investment advisor joining a religious sect to sell securities is ethically questionable but not explicitly unlawful; they must maintain their fiduciary duties and comply with SEC regulations to avoid potential civil liability. The correct answer is [A] is unlawful under the Investment Advisors Act of 1940.
Explanation:
The behavior of a registered investment advisor who joins a religious sect to sell securities to its members is ethically questionable, but not necessarily unlawful based solely on the information provided. According to the Investment Advisers Act of 1940 and Securities Act of 1933, as well as the regulations set by the Securities and Exchange Commission (SEC), there is no direct provision that prohibits a stockbroker from joining a religious group for business purposes. However, the advisor must continue to adhere to fiduciary duties, ensuring that the client's best interests are placed above their own and avoiding any conflicts of interest or fraudulent activities. Unethical behavior, while it may not immediately result in legal consequences, could still lead to civil liability and regulatory scrutiny if it involves manipulation, deception, or exploitation of clients.
INCREASING the number of warehouses will __________ the warehousing and inventory costs, but may __________ transportation a. costs. b. lscm
Answer and Explanation:
Increase the warehousing
Decrease transportation cost
When a firm increases its warehouses, the transportation cost reduces as there are many warehouses in the region and firm's product or inventory can be moved through quickly and cost effectively.
Steve goes to Tri-State University and pays $40,000 in tuition. Steve works to pay for his schooling and has an AGI of $37,000.
How much is his American Opportunity tax credit?
Answer:
His American Opportunity tax credit is $2,500.
Explanation:
A taxpayer who has a modified adjusted gross income of $80,000 or less can claim the credit for the qualified expenses of an eligible student.
Taxpayers will receive a tax credit based on 100% of the first $2,000, plus 25% of the next $2,000 that is paid during the taxable year for tuition, fees and course materials and also, 40% of the credit (up to $1,000) is refundable.
Therefore, His American Opportunity tax credit is $2,500.
Final answer:
Steve, with an AGI of $37,000 and tuition payment of $40,000, should be eligible for the maximum American Opportunity tax credit of $2,500, provided his tuition includes at least $4,000 of qualified education expenses.
Explanation:
The question is about calculating the American Opportunity tax credit for a student named Steve who is paying tuition and has an adjusted gross income (AGI). According to the American Opportunity tax credit rules, eligible students can receive a credit for 100% of the first $2,000 of qualified education expenses they pay for each eligible student and 25% of the next $2,000. This means the maximum credit per eligible student is $2,500, with 40% of the credit (up to $1,000) being refundable.
In this case, since Steve has an AGI of $37,000 and is under the income threshold for the full credit (which generally requires an AGI below $80,000 for single filers), he should be eligible for the maximum credit of $2,500, assuming all other eligibility requirements are met, and his $40,000 tuition includes at least $4,000 of qualified education expenses.
A group is working on a development project at an organization under the guidance of their team leader. Based on accumulated facts, the group had been asked to evaluate a circumstance. Thereafter, the group realized it was time to settle and move forward. What step of group decision-making does this scenario describe?
a. dentify and clarify the goals of the decision
b. Analyze the decision to be made
c. Identify multiple options for the decision
d. Evaluate the positive and negative consequences of alternative decisions rationally
Answer:
b. Analyze the decision to be made
Explanation:
Based on the information provided within the question it can be said that the step of group decision-making being described is to Analyze the decision to be made. This is mainly being stated by them being asked to "evaluate a circumstance" meaning that a decision has already been decided and they need to analyze that decision to make sure it is exactly what they want.
By buying a ________ bond, investors will have an option to exchange their bond for shares of common stock in the company at a future date.A. preferredB. convertibleC. contingentD. discount
Answer: convertible bond
Explanation: As per the subject matter of business, a convertible bond or convertible debt is a kind of security that can be converted into a stipulated amount of specific stock shares in the issuing corporation or equivalent value money. This is a mixed security including features similar to equity and debt.
Convertible securities are most frequently issued by poor credit ranking businesses with heavy potential for the future. Convertible securities are sometimes considered debentures security, as businesses offer to give predetermined or changing interest rates for shareholder resources as they do in equity bonds.
Which of these is not a benefit for businesses using fully integrated e-commerce platforms?
Answer:
Automated complaints process system.
Explanation:
When going for an online business, it is good to go for an integrated e-commerce platform. It is going to help in processing any order, the ability to track shipping, etc. And this can improve business productivity immensely.
Among all the benefits listed, automated complaints process system is not one of them as it does not relate with integrated e-commerce platform.
Fill in the blanks with words that would best complete the passage.avoidance, contractual, abeyance, indemnification, principal, criminal, agent, constructive trustThe principal has several remedies available, including ___ for breach of fiduciary duties and ___ remedies if the agent engages in misrepresentation, negligence, deceit, libel, slander or trespass. Anything that the agent obtains by virtue of the agency relationship belongs to the ___ and will be considered held in ___ for the principal. If the agent breaches the agreement, the principal also has a right of ___. Finally, if the principal is sued for the agent’s negligent conduct, the principal can sue the agent for ___ .
Answer:
Constructive trust, contractual,
principal, constructive trust, avoidance,
indemnification
Explanation:
Constructive trust is a fair remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to a breach of fiduciary duty.
For misrepresentation, negligence, deceit, libel, slander or trespass by an agent contractual remedies may be applied such as; award of damages, restitution, or specific Performance.
The agency relationship is an arrangement in which one entity (the principal) legally appoints another (the agent) to act on its behalf, so anything that the agent obtains by virtue of the agency relationship belongs to the principal.
A constructive trust is imposed by a court If an agent breaches his or her fiduciary duty to the agent by retaining benefits or profits that belong to the principal. It would be Implied that the agent held the thing on the principal’s behalf.
Avoidance here implies that a principal can avoid or stay away from the contract.
Indemnification sometimes mandates an agent to indemnify (compensate, protect) the principal from the damages.
ArmiLiza, a popular United States-based brand of handbags, has built a second factory in Mexico. The majority of the new factory’s employees are Mexican citizens or Honduran immigrants. On which country’s gross domestic product will the second factory’s goods be counted?
a. Honduras
b. the United State
c. They will be split among all three countries
d. They will be split between the United States and Mexico
e. Mexico
Final answer:
The goods produced by ArmiLiza's new factory in Mexico will be counted towards Mexico's GDP because GDP is based on geographic location of production. The correct answer is (e).
Explanation:
The question at hand involves understanding which country's gross domestic product (GDP) will count the goods produced by ArmiLiza's new factory in Mexico.
GDP is an economic measure that represents the total dollar value of all goods and services produced over a specific time period within a nation's borders.
Since the second factory is located in Mexico and operated there, the goods produced by this factory will count towards Mexico's GDP.
This is because GDP calculations are based on geographical boundaries, not the nationality of the workers or the location of the company's headquarters.
To illustrate with an example that mirrors the principles of production and labor allocation, consider a scenario where both the United States and Mexico have 40 workers each.
If the 40 United States workers are assigned to manufacture shoes and it takes four workers to make 1,000 shoes, they would collectively produce a total of 10,000 shoes.
If these same workers were making refrigerators, with each worker able to produce 1,000 refrigerators, the total production would be 40,000 refrigerators.
However, in both examples, the products' contribution to GDP would be based on where the production takes place, not the location of the company's headquarters or the origin of the workers.
A new triage team is being brought onto Salesforce and needs to have separate case statuses. How can this requirement be met?1. Create a new field2. Add new values to the "Status" field3. Create a new Support Process4. Create a new record type
Answer:
The correct answer is number "3": Create a new Support Process.
Explanation:
Support processes have are meant to ensure the main processes of the company's operations will work. In Salesforce, they can be created by going to "Setup" and selecting "Support Processes". After clicking "New", we should rename the support process. Finally, we must tap the "Save" button so the changes are stored.
A company accounts for its inventory using the first-in, first-out (FIFO) method. The following information pertains to the inventory at the end of the fiscal year:
Historical cost $150,000
Current replacement cost 120,000
Net realizable value (NRV) 125,000
Normal profit margin 15,000
Fair value 140,000
What amount should the company report as inventory on its year-end balance sheet?
Answer:
$125,000
Explanation:
Inventory is initially recognized at cost which includes the purchase price and all cost elements directly attributable to getting the inventory item to it's place of use.
However inventory is subsequently carried at the lower of cost or net realizable value.
In light of this and the information given, Historical cost $150,000 while Net realizable value (NRV) 125,000. Since the Net realizable value (NRV) 125,000 is lower than the Historical cost $150,000 , inventory is recognized at the NRV of $125,000.
All of the following are EXCLUDED from the definition of an investment adviser under the Investment Advisers Act of 1940 EXCEPT:A. teachersB. engineersC. lawyersD. actuaries
Answer: D. Actuaries
Explanation: According to the investment advisers act of 1940, an investment adviser is any individual who is involved in the business of providing guidance to others with regards to investments and securities for a compensation. It is important that a person must meet the whole definition in order to be regarded as an investment adviser.
There are however, various exclusions to this definition. These people may coincidentally comply with the definition of an investment adviser, but are by law not an investment adviser. These include teachers, engineers, lawyers and accountants. Giving advice on investments are incidental to their profession and so this does not qualify them as investment adviser.
All listed professions (teachers, engineers, lawyers, and actuaries) are excluded from the definition of an investment adviser under the Investment Advisers Act of 1940, as long as the investment advice they provide is incidental to their primary professional duty. Option A, B ,C and D are correct .
Under the Investment Advisers Act of 1940, certain professionals are excluded from the definition of an investment adviser because their investment advice is incidental to their professional practice. This exclusion typically applies to professions such as teachers, engineers, bankers, and actuaries, when they offer advice that is a byproduct of their primary professional activity.
Lawyers also fall under this exemption, as long as their advice is incidental to the legal services they provide. The correct answer is that all listed options (teachers, engineers, lawyers, actuaries) are excluded from the definition of an investment adviser under the act, with the key point being that the investment advice must be incidental to their primary practice.
In the context of this question, if any professionals are exclusively providing investment advice, and it is not just incidental to their other professional services, they would not be excluded under the Act.
Unlike merchant wholesalers, agents, and brokers, manufacturer's branches and sales offices are __________ that perform wholesaling activities. A. independent distribution managersB. independent intermediary channelsC. wholly owned extensions of the producerD. wholly owned extensions of the distributorE. wholly owned extensions of the retailer
Answer and Explanation:
C. wholly owned extensions of the producer
The management of Raleigh Bicycles observes that the company's selling costs are affected by the increased number of visits that salespeople make to meet dealers. The company decides to reduce its personal selling costs by making sales calls to dealers via telephone. This marketing strategy used by Raleigh is an example of ________.
Answer: Outbound Telemarketing
Explanation: Here, Outbound Telemarketing is being used by the management of Raleigh Bicycles. Outbound Telemarketing is the process of advertising the products through cold calling the present or prospective customers in order to attract them to buy the given products that the company wishes to sell.
Cloud Storage Solutions works closely with customers showing them early versions of its software and interface and then quickly making changes based on customer feedback before soliciting feedback again. The company wants to fail early and often so that it quickly brings to market a product that meets customer needs. In this scenario, Cloud Storage Solutions is using:_______
Answer: Co-creation process.
Explanation:
A co-creation process is basically refers to the designing process various types of products and the services in an organization where the customer plays an important role in the form of input in the system.
The co-creation process majorly focuses on the consumer experience and the relationship with the customers.
The one of the main step that involve in the process of the co-creation process is that it select the best contribution from the users and then it used in the products and the services in an organization.
According to the given scenario, the clod storage software is an organization that shows the early version of the software to the customer for make changes based on the users feedback.
Therefore, Clouds storage solution is using the co-creation process.
When a periodic inventory system is used, a. only revenue is recorded each time a sale is made. b. only the reduction of inventory is recorded each time a sale is made. c. only the cost of goods sold is recorded each time a sale is made. d. None of these choices are correct.
Answer:
Answer is option a.
Explanation:
A periodic inventory system is used to measure the level of inventory and the cost of goods sold.
The reduction of inventory is recorded on both the Periodic and Perpetual Inventory System each time a sale is made. Also, the cost of goods sold is only recorded each time a sale is made in a Perpetual Inventory System.
Without the knowledge of available inventory as well as the inventory that is being sold, it is not possible to calculate the cost of goods sold. Also as these calculations are done manually, therefore, the periodic inventory is calculated either quarterly, half-yearly or annually, and not each time the sale is made. Hence, the correct option is option a.
Using a periodic inventory system means that inventory records and associated costs are only updated at the end of an accounting period, not with each individual sale.
Explanation:When a periodic inventory system is used, none of the choices provided are actually correct. A periodic inventory system involves updating the inventory records for merchandise purchases, sales, and returns only at the end of an accounting period. Therefore, the costs associated with the inventory are not recorded at the time each individual sale is made. Instead, under the periodic system, when a sale occurs, only the revenue is recorded. The cost of goods sold (COGS) is calculated at the end of the period by doing a physical inventory count, which adjusts the Inventory account and records the COGS in one lump sum adjustment.
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