Examples of secondary groups, which are formal but less personal groups that are goal oriented (in this case the goal is financial advisor learning).
Final answer:
Jeff belongs to professional associations which bring together individuals with shared interests, especially to advance their economic interests and represent them in their respective fields.
Explanation:
The financial organizations that Jeff belongs to are examples of professional associations. These are groups that individuals join to pursue shared interests or to gain intangible rewards. Jeff, being a financial advisor, likely attends these meetings to stay updated with industry standards, network with other professionals, and perhaps influence policies that affect his profession. Professional associations such as these work to advance the economic interests of their members and represent their interests in wider forums.
Just like the American Medical Association (AMA) for physicians or the American Bar Association (ABA) for lawyers, professional associations provide a platform for members to coordinate efforts, form productive networks, and advocate for their professional interests.
Striking apparels has launched its new stock of summer wear. it plans to target shoppers between the ages of twenty and thirty to sell its products. daniel is responsible for sending out promotional emails and messages to these target customers. daniel belongs to the ________ department of striking apparels.
Answer:
The answer is marketing.
Explanation:
Marketing is commonly defined as efforts to buy, advertise, distribute, and sell a product or service.
It is clear from the description in the question that Daniel works in the department since he is responsible to market Striking Apparel’s new products based on the target shoppers through social media and email marketing efforts such as sending out promotional emails and messages.
Expert power is based on ________.
a. identification with a person who has desirable resources or personal traits
b. compliance because it produces positive benefits
c. influence wielded as a result of expertise, special skill, or knowledge
d. formal authority to control and use organizational resources based on structural position in the organization
e. the fear of negative results from failing to comply
➷ The correct option would be C. influence wielded as a result of expertise, special skill, or knowledge.
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List at least two things you would be sure to tell a borrower in preparation for closing
Three key things a borrower should know before closing a loan include the requirement for income documentation, the implementation of a credit check, and potentially the need for a cosigner or collateral.
Explanation:There are several crucial things a borrower must know in preparation for closing a loan. Firstly, the financial institution will require the borrower to fill out forms detailing income sources to assess their ability to repay the loan. It is thus essential to have all financial documentation in order and readily available.
Secondly, the bank will conduct a credit check. This process evaluates the borrower's creditworthiness based on their past borrowing and repayment behavior. Consequently, the borrower should maintain good credit scores and clear any outstanding debts where possible.
Additionally, the lender may require a cosigner or collateral. A cosigner is another person who promises to pay the loan if the borrower cannot. Collateral, on the other hand, is property or assets that the bank can seize and sell if the borrower fails to repay the loan. Therefore, the borrower should understand any obligations related to cosigners or collateral before closing.
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Gainsharing plans differ from profit-sharing plans in that:A. gainsharing plans use organization-wide performance parameters.B. gainsharing plans distribute payouts more frequently.C. gainsharing plans make lump sum payments.D. gainsharing plans can be attached to all types of jobs in the organization.E. gainsharing plans discourage pursuit of broader goals of the group.
The correct answer is choice A.
Gainsharing is normally when a business measures performance, and through a pre-determined formula, shares the savings with all employees.
Gain sharing plans use organization-wide performance parameters is the gain sharing plan that is different from the profit-sharing plans.
What is the difference between in the gain sharing and profit sharing?Gain sharing is the sharing of the profit on the monthly basis. It can be summed up as the incentives that employees get. Profit sharing is the done on the annual basis, when mainly it can be called as the bonus that a company generated.
Thus, option A is correct.
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When prices rise, what happens to income? It goes down. It buys less. It is used to buy different things. It rises to meet prices.
It buys less, based on the information we can't assume income will rise
When prices rise, your income buys less, effectively decreasing your real income. You may then need to adjust your spending habits, perhaps buying different items or spending less. Incomes usually do not immediately adjust to match rising prices.
Explanation:When prices rise, the purchasing power of a given income will decrease. This means that the same amount of income can purchase fewer goods and services than before, effectively leading to a reduction in real income. This is also known as inflation, where the cost of living rises and affects the value of money.
People on a fixed income or wage may find themselves needing to adjust their spending habits, possibly buying different items than they used to, or cutting back on certain expenditures.
However, it's not necessarily correct to say that income rises to meet prices. Most often, income adjustments to keep pace with inflation occur annually or biannually, and not immediately when prices rise. So, in the short term, a rise in prices can reduce the purchasing power of people's income, making them feel like they are 'earning less' even if their wage has stayed the same.
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Ida works on creating ways to ensure that customers receive goods at the right time and correct location. ida is involved in her firm's ________ strategy.
disturbution, in marketing this is how we get the product to conumers
Because she didn't have a piece of paper handy, mary mentally repeated the long-distance phone number over and over. mary was trying to keep this information in her _____ memory.
long-term memory, so she can recall it later
Mary used maintenance rehearsal to keep the phone number in her short-term memory by repeating it, and she could have also used chunking to make it easier to recall.
Mary was trying to keep the long-distance phone number in her short-term memory. This type of memory, also known as working memory, allows us to hold information in our minds for a brief period and work with it. To prevent the information from decaying, Mary used maintenance rehearsal, a process that involves mentally repeating the information to keep it in memory. This technique is helpful for remembering details like phone numbers until they can be written down or possibly transferred into long-term memory. Another useful strategy for enhancing memory is chunking, which organizes information into manageable units or chunks, making it easier to remember.
Firms pursuing a(n) ________ are more centralized than enterprises pursuing a localization or international strategy. international strategy global standardization strategy transnational strategy localization strategy
Global Standardization Strategy
A manufacturer produces 1,000 units, regardless of the market price. for this firm, the price elasticity of supply is
Zero.
Price elasticity of supply is a measure of how much supply changes in response to a change in price. Since this company doesn't change their supply at all depending on the price, their elasticity of supply is zero.
Competitors that begin to see the success of a new product or product category typically ______.
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Why is vocabulary important?
What is Promotion?
Why is Promotion important in marketing?
Vocabulary is important because ( my opinion) using betters words instead of saying something in a more simplistic way, shows you have more knowledge on what your talking about and just makes you seem smarter in general.
Promotion is a activity that supports or provides active encouragement for the furtherance of a cause, venture, or aim
Promoting is very important in marketing because it allows whatever product or information you are trying to get out expands across to different platforms and audiences.
Vocabulary is crucial for clear communication and understanding complex ideas. Promotion in marketing refers to techniques aimed at increasing product or service awareness and sales. Effective promotion is vital for building brand reputation and driving a competitive edge.
Explanation:Importance of Vocabulary
Vocabulary is essential as it enhances communication skills and helps to express ideas clearly and effectively. A rich vocabulary allows individuals to comprehend more complex texts and engage in more nuanced discussions. In academics, being familiar with specific vocabulary related to a subject matter is crucial for understanding and learning new concepts.
What is Promotion?
Promotion is a marketing strategy used by businesses to communicate with consumers about their products or services. It involves a variety of techniques aimed at increasing awareness, creating interest, and inducing sales.
Importance of Promotion in Marketing
Promotion is a critical component of the marketing mix as it directly influences consumer behavior. Effective promotion increases visibility, informs potential customers, and can lead to increased sales. It is important for building brand reputation and driving a competitive edge in the market.
Imagine that you are a manager and your company has been realigning to be more competitive. the company just downsized, so everyone is doing more work while missing their former colleagues, and no raises or bonuses will be given out this year. how can you help your employees manage stress? check all that apply. model an attitude of lighthearted play, telling jokes and bringing toys to work. discourage employees from using all their vacation time or from ever calling in sick to communicate that they are needed at work. provide opportunities to learn new skills and knowledge.
Answer:
The best answer to handle the scenario given in the question is providing opportunities to learn new skills and knowledge.
Explanation:
Since the current condition of the company is stagnant in terms of profitability, and thus incentives such as bonuses and pay raise are not viable for employees to receive, it is better to rely on other forms of reinforcements that can be used to motivate employees to perform to the best of their abilities. A way to do this would be giving them opportunities to learn about the skills that they have yet to attain from working in the company, even though they have the desire to do so.
Answer:
model an attitude of lighthearted play, telling jokes and bringing toys to work
provide opportunities to learn new skills and knowledge.
Explanation:
A healthy work environment is critical to keeping employees productive. When stress occurs, such as the dismissal of many colleagues, employees become upset and take time to get used to it. Therefore, it is important for the company to adopt incentive mechanisms. For example, relaxing the environment with some play time, a game or a group gym. In addition, the manager can encourage employees to learn other techniques and skills for their job, or to take specialization courses. These are all stimulus mechanisms that will affect employees' moods, smoothing out recent bad events in the workplace and in the company as a whole.
A sense of invulnerability is one of the symptoms of “groupthink.”
True
False
I think the answer to this question is true
Norma receives an increase in her nominal income. she complains that the current inflation rate of six percent erodes the real purchasing power of her additional nominal income. this is true
Only if the increase in her nominal income is less than six percent. Raises should be equal to or greater then the rate of inflation
In developed economics such as the united states the blank sector dominates the economy. Examples include legal firms blank and so on
The consumer service sector dominates the market. The consumer service sector is all services that are geared toward customers and not businesses/governments. Examples are law firms, hospitals, accounting groups, cleaning services, etc. There are literally millions of possibilities, but any business that provides a service to the general public would be an example.
I’m pretty sure the answers are
Blank 1: Consumer Services
Blank 2: Hospitals
Think should be correct!
What is the responsibility of judges when their personal opinions are in conflict with the rule of law in the case before them?
they can’t get involved emotional. they just have to do the job and go by the law wether they agree or not it’s part of job which means they gotta follow the job.
What is an economic system where the government controls the major means of production but property and other businesses may be privately owned?
Socialism is the economic system where the government has a lot of power and controls the resources and means of production but some things can still be privately owned.
A socialist economy is an economic system where the government controls the major means of production but property and other businesses may be privately owned.
A communism economy is where the government controls all aspects of production and how resources should be used and what services will be provided. A capitalist economy is where there is little interaction from the government controlling production and property but that the business itself can determine their production levels. A socialist economy is the mixture of the two systems and allows more freedom for privately owned businesses.
Maggie's apparel inc. manufactures apparel for men and women. it calls on other retailers to sell its products. the salespeople at maggie's apparel also travel to its customers' locations to finalize sales deals. in this scenario, the salespeople at maggie's apparel are _____.
Answer:
The answer is business-focused sales people.
Explanation:
These type of salespeople generally tend to be more strategic compared to the consumer-focused salespeople. They tend to have greater power, which in turn gives them higher responsibility as well. They do not merely focus on selling the products according to the set target that has been given to them by a higher-up, they also make deals with other companies to aid them in achieving their sales targets. The main difference between business-focused and consumer-focused salespeople lie in the sales location – business-focused salespeople go to the customers, while consumer-focused salespeople generally provide their products in one place and expect consumers to come to their store.
• what are the four characteristics of capital acquisition and repayment cycle that significantly influence the audit?
There are four chararacteristics, which are:
1. Relatively few transactions affect the account balances, but each transaction is often highly material
2. The exclusion or misstatement of a single transaction can be material
3. A legal relationship exists between the client entity and the holder of the stock, bond, or similar ownership document
4. A direct relationship exists between the interest and dividends accounts and debt and equity
1. Cost-volume-profit analysis assumes all of the following EXCEPT:
a. total variable costs remain the same over the relevant range
b. units manufactured equal units sold
c. all costs are variable or fixed
d. total fixed costs remain the same over the relevant range
All are assumed except A. Total variable costs remain the same over the relevant range.
Cost-volume-profit analysis examines how changes in cost in volume affect income. Variable costs are ones that go up and down depending on production levels, so it would not make sense to assume that variable costs stayed the same over the relevant range.
What are the sources of externalities and market​ failure?
Market failure happens if goods and services are not distributed efficiently in the economy. Externalities can either be positive or negative. Positive externalities are benefits that may be provided whereas negative externalities are costs that may be associated. Demand, supply and wanting benefits are all sources of marketing failure and externalities.
Business cycles examine __________ time horizons, while the aggregate demand-aggregate supply model considers __________ time horizons.
a. both short- and long-run; long-run
b. short-run; both short- and long-run
c. long-run; short-run
d. short-run; long-run
Answer:
The answer is: b
Explanation:
Business cycles are the cumulative periods of expansion, contraction, recession and recovery in an economy. These periodic fluctuations can be observed via analysing the real output produced by a country within a specified period. These fluctuations occur in a period of 5 years or less. The aggregate demand- aggregate supply model is a macroeconomic model that examines the relationship between real output and prices. This model provides a basis of examining both short run as well as long run changes in a country's national output.
A paleontologist finds a new tyrannosaur in a site she is excavating, and wishes to date the fossil. What is the most likely method she will use? A paleontologist finds a new tyrannosaur in a site she is excavating, and wishes to date the fossil. What is the most likely method she will use? She will measure the amount of the radioisotope uranium-238 in the stratum where she found the tyrannosaur. She will determine the fossil’s age by measuring the ratio of carbon-14 to carbon-12 in the fossil. She will infer the age of the fossil by dating layers of volcanic rock above and below the stratum containing the fossil.
The paleontologist will likely use relative dating by analyzing layers of volcanic rock to determine the age of the tyrannosaur fossil.
The most likely method the paleontologist will use to date the new tyrannosaur fossil is to infer the age of the fossil by dating layers of volcanic rock above and below the stratum containing the fossil. This method is called relative dating, and it involves determining the age of the fossil by comparing it to the age of the surrounding rock layers.
By analyzing the different layers of volcanic rock, the paleontologist can estimate the time period in which the tyrannosaur lived.
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A paleontologist may use radiometric dating with uranium-238, carbon dating with carbon-14, or infer the fossil's age by dating layers of volcanic rock situated above and below the fossil layer.
Explanation:When a paleontologist finds a new fossil, like a tyrannosaur, and wants to determine its age, there are several approaches she may use. The method chosen will largely depend on the context and conditions of the excavation site. One common method is radiometric dating using isotopes found in rocks and fossils, such as uranium-238. The paleontologist can use this method to date the stratum or layer where the fossil was found.
Additionally, carbon dating could also be utilized. This involves measuring the ratio of carbon-14 to carbon-12 in the fossil. However, this method is generally less accurate for dating fossils millions of years old, due to the half-life of carbon-14.
Finally, she may also use the dating of layers of volcanic rock above and below the fossil stratum to infer the age of the fossil, based on the principle of superposition. This asserts that younger layers of rock are deposited on top of older ones, and can provide an estimate based on the ages of these layers.
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Which of the following statements is false? A) Battery acid cannot be neutralized B) Batteries should never be stored on metal trays or outside in the elements C) Do not stack batteries on top of each other D) Never put a damaged battery in a dumpster
Answer:
The answer is (A) battery acid cannot be neutralized.
Explanation:
Battery acid can be neutralized. Since battery acid is lower in pH, a person must increase battery acid’s pH so that it would be neutralized. Usually, to do this, people utilizes baking soda since it has a higher pH. Neutral pH is a pH of 7, so one must carefully add the baking soda to the battery acid until when tested, the pH value has arrived at a neutral range.
For most small businesses, the primary motivation for going global is to
Develop new markets to increase sales
The ________ is a large open international community of network designers, operators, vendors, and researchers concerned with the evolution of the internet architecture and smooth operation of the internet.
The Internet Engineering Task Force (IETF)
The commercial for-profit segment of the food-service industry is very narrow t or f
The commercial for-profit segment of the food-service industry is actually pretty wide, so the answer would be false.
Obligations issued in the name of a government on behalf of a nongovernmental entity is called
Conduit debt, which are bonds or other debt products issued by the government on behalf of a 3rd party non-government entity. This is often used to finance building projects that will benefit the public interest.
Every major contraction in the U.S. Economy has either been created or greatly exacerbated by monetary instability. Every major inflation has been caused by monetary expansion. Which of the following economists made this statement?
a. Milton Friedman
b. John Maynard Keynes
c. Adam Smith
d. Paul Samuelson
a. Milton Friedman
Milton Friedman was part of a group of economist in the mid-1900's known as the Monetarists. Monetarists believed that monetary instability is the major cause of big fluctuations in GDP, and that rapid monetary expansion causes inflation.
How has globalization of this business affected operations and its supply chain?
Globalization increases both oppurtunities like more customers and threats like competition. Supply chain members could be more spread out, but it could also lead to lower cost options.
Answer:
Profits decrease due to increased competition.
Explanation: