Answer:
Networking
Explanation:
Your network is your net-worth. The phrase is said over and over again encouraging entrepreneurs and business owners to cast their “net” and meet as many people as possible. Networking is a big reason for success for business owners. There’s even local groups like BNIs that are built around networking. Being able to increase your presence is very important.
Ransdell Corporation estimates that $15,000 of the current period’s credit sales will be uncollectible. Where will these bad debts be reported in Ransdell’s financial statements?
Answer:
Bad Debts Expense of $ 15,000 in the income statement and offset of receivables by $ 15,000 in the balance sheet.
Explanation:
The portion of credit sales considered to be uncollectible will be recorded as an expense in the income statement for the period. This is usually classified as bad debts expense and appears in the income statement as a debit or expense.
The corresponding credit shall be either to an Allowance for Uncollectible accounts if a provision is made or directly as a credit to the receivables account.
In either manner the effect is to reduce the receivable in the balance sheet
During _____, the strategic planning groups decide on a strategic direction by defining the company's mission and goals, its external opportunities and threats, and its internal strengths and weaknesses.
Answer:
strategy formulation
Explanation:
Strategy formulation is one of the key purposes of business and organisation meetings. The main purpose of meetings is to decide the company's direction to proceed further. It helps to attain the company's objectives and goals. In strategic formulation, strategic decisions are made to overview the opportunities, threats, weaknesses and strengths. Mostly the higher management, the board of directors and team leaders are called for such meetings.
Energy Resources Ltd. does business in 50 countries around the world. The company stresses to all employees the importance of understanding the prevailing culture in the countries that they are doing business in. In other words, the company is aware of the importance of__________.
Answer:
cross cultural literacy
Explanation:
Understanding the prevailing culture in countries where Energy Resources Ltd. does business is important for their success.
Explanation:BusinessEnergy Resources Ltd. prioritizes understanding the prevailing culture in the countries they do business in. This is important because different cultures have unique customs, traditions, and business practices that can greatly influence negotiations, relationships, and success in those countries. By understanding and respecting the culture, Energy Resources Ltd. can build stronger partnerships, avoid potential pitfalls, and navigate the business landscape more effectively.
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A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific parcel of real estate, together with a statement of all recorded liens and encumbrances affecting the property and their present status, but not including encroachments and forgeries, is known as a(n):_______.A) Disintermediation.B) Abstract and opinion.C) Quitclaim deed.
D) Chain of title.
A chain of title is a chronological record of property ownership and encumbrances used in real estate to verify ownership history.
The correct answer is D) Chain of title.
A chain of title is a comprehensive and chronological record or summary of all the documents and transactions that have conveyed ownership or interests in a specific parcel of real estate over time. It includes all grants, conveyances, wills, deeds, mortgages, leases, and other recorded instruments that pertain to the property. The purpose of a chain of title is to establish and verify the history of ownership and any encumbrances (such as mortgages or liens) on the property.
Here's a breakdown of the components of a chain of title:
1. Consecutive Documents: This part of the chain shows how ownership or interests in the property have passed from one party to another over the years. It typically includes deeds, contracts, and wills.
2. Recorded Liens and Encumbrances: Any recorded claims or encumbrances, such as mortgages, liens, or easements, are documented in the chain of title. This information helps potential buyers or lenders understand any financial obligations or restrictions associated with the property.
3. Present Status: The chain of title also provides information on the current status of the property, such as its current owner and any outstanding liens or encumbrances.
4. Forgeries and Encroachments: While a chain of title includes most recorded information, it does not cover encroachments (physical boundary violations) or forgeries, as these may not be evident from recorded documents.
In summary, a chain of title is a vital document in real estate transactions as it establishes a property's historical ownership and any legal claims or interests associated with it. Buyers, sellers, and lenders rely on the chain of title to ensure a clear and marketable title when transferring or financing real estate.
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An in-depth understanding of ethics is important to the long-term viability of business because unethical decisions will negatively and directly impact all of the following except which one?
a. the business's customers
b. the business's suppliers
c. the business's image
d. the business's number of products
An in-depth understanding of ethics is important to the long-term viability of business because unethical decisions will negatively and directly impact all of the following except "the business's number of products".
Answer: Option D
Explanation:
Business growth is immensely dependent upon the ethics followed by business owner, employees and other staff. Business need sufficient trust among business partners, employees, staff, executive, suppliers and customers.
A single unethical decision can act as a weapon to spread negativity which have direct impact on customers, suppliers and image of business in market but not in number of products manufactured by a firm. All kind of business may phase ups and down, its a cycle but maintaining ethics in decision making should remain same otherwise the cycle may get stuck into down phase for long time.
_____ is the process of continually acquiring information on events occurring outside an organization to identify and interpret potential trends.A) Cause marketingB) Green marketingC) Environmental scanningD) Internal scanningE) Multicultural marketing
Answer: (C) Environmental scanning
Explanation:
The environmental scanning is one of the business strategy that helps in gathering the various types of information about the relationship and also the events in an organization.
The main aim of the environmental scanning is that it helps in manage the future direction of the organization and also maintain the customer relationship.
The importance of the environmental scanning is that it changes the environment rapidly and also helps in identifying the opportunities, strength, threats and the weakness in the business.
Therefore, Option (C) is correct answer.
When determining the account balance for a particular account (ex. Accounts Receivable) in order to prepare a trial balance, the best place to find the balance would be in the company's _____.
Answer: General ledger
Explanation:
According to the given question, the company's general ledger is the term that is used to refers to the account that helps in balancing the specific account in the form of record, store and also summarizing all the transaction details of an organization by using the proper balance sheet chart.
The main role of the general ledger is that it helps in preparing the financial reports by including all the data such as revenue, liability, expense and the asset.
The general ledger is preparing the balance by using the transaction statement of the company's account.
Therefore, General ledger is the correct answer.
At which stage of the creative process does a spontaneous breakthrough occur, allowing all of the previous stages to come together to produce the " factor" or the "light bulb goes on"?
Answer:
Illumination state
Explanation:
The illumination state of the creative process gets its name from the metaphor of a light bulb coming on. It refers to someone being enlightened by a flash of creativity.
Usually creative people (inventors, artists, etc.) are illuminated when they are not actually trying to solve a problem, the term "eureka" is famous because Archimedes used it when he got a new idea for an invention.
What is the term used to describe the responsibility of a firm's officers and directors to ensure that adequate measures are in place to minimize the effect of a disaster on the organization's continued viability?
A. Corporate responsibility
B. Disaster requirement
C. Due diligence
D. Going concern responsibility
Answer:
A. Corporate responsibility
Officers and directors of a corporation are legally bound to practice due diligence in carrying out their operations.
R.J. Reynolds markets several brands of cigarettes, including Vantage, Camel, Winston, and Salem. This is an example of which type of branding policy?
Answer:
Individual branding policy
Explanation:
Individual branding often referred to as single product branding, flanker labels or multi branding, is "an advertising technique under which goods are assigned brand names which are newly formed and usually not related to existing franchise names that the business is selling.
Individual branding is by far the most successful when a corporation offers various unrelated goods differing in price and quality and targeting specific areas of the market. It is also helpful when presenting to the industry a recent high-risk commodity to handle hazards to established products if the new model fails.
Thus, from the above we can conclude that the given case depicts individual branding policy.
Kerry and Jim have a successful marijuana farm in the woods around Humboldt County, California. Growing marijuana is illegal for federal purposes. Are Kerry and Jim required by law to report the income from their farm on their tax return? Why?
Answer:
Explanation:
Despite the fact that marijuana business is illegal, Kerry and Jim need to report the income from it.
Income from any illegal activities is considered as taxable income. There is no execption in computation of gross income
"A Registered Investment Adviser publishes a web-based newsletter. He is approached by a marketing firm for a list of the RIA's customers. The marketing firm is not going to pay for the customer list, but has agreed to give the RIA computer equipment that will be used in publishing the RIA's newsletter. This action is:A. permitted because it directly benefits the RIA's customersB. permitted because the SEC permits the payment of ""soft dollars""C. prohibited because the computer equipment qualifies for accelerated depreciation deductions under IRS rulesD. prohibited because the RIA did not get written permission from each client to release their information"
This action is prohibited because the RIA did not get written permission from each client to release their information
Explanation:
A Registered Investment Advisor (RIA) is an entity or company that advises and maintains the portfolios of extremely wealthy individuals on securities. RIAs have a responsibility to provide financial advice that is in the best financial interest of their investors and their clients. They are also under a moral responsibility.
RIA Customer names and addresses are confidential and may not be "sold" or transmitted to another party except with written prior approval of each user. The possibility that the RIA collects computer equipment and not cash paid for providing the customer list does not impact this breach
The RIA cannot release customer information without written permission.
Explanation:The correct answer is D. Prohibited because the RIA did not get written permission from each client to release their information. As a Registered Investment Adviser, the RIA has a responsibility to protect the privacy and confidentiality of their clients' information. Releasing this information without their explicit consent would be a violation of their privacy rights.
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Which ratio is helpful in understanding whether the relationship between cash and marketable securities is reasonable in relation to current assets or total assets?A. Lease expense/Total fixed assetsB. Total liabilities/Total assetsC. Cash/Marketable securitiesD. Current assets/Total assets
Answer:
The ratio that is helpful in understanding whether the relationship between cash and marketable securities is reasonable in relation to current assets or total assets is;
Current assets/Total assets
Explanation:
Current assets represent a portion of the total assets that can be converted into cash or marketable securities quickly. A higher Current assets to total assets helps one to know the amount of the total assets that can be liquidated fairly quickly. The current assets should be able to be converted into cash or cash equivalents within a year to be deemed as a current asset. Examples of current assets are; cash, cash equivalents, stock inventories, market securities, accounts receivable, inventories and other liquid assets.
Current assets are the exact opposite of long-term assets, since the latter represents the portion of total assets that can not be easily converted in cash and cash equivalents within a year. They usually take a much longer time to convert into cash. They are; equipment, land and buildings.
The total assets include all the assets mentioned above. The summation of currents assets and long-term assets form the total assets.
Diane is a CFO at we do what we want, Inc. She was just instructed by her boss, the CEO, to accelerate the recording of revenue into an earlier year to meet financial analysts' earnings projections. In order to meet the ethical standards of the accounting profession, Diane must be certain that she:_______.A. Blows the whistle on the financial wrong doing. B. Reports the matter to the SEC. C. Informs the external auditors. D. Works through the chain of command within the company to avoid sub-ordinating judgment.
Answer: Option "D" is the correct answer for the following situation.
Explanation:
Diane must be careful that she operates within the organization through the command chain to prevent a sub-coordinating judgment.
The concept of a command structure is an international hierarchy of power that defines who is in control of whom and who should be asked for permission. The indication of a command structure is when a staff member reports to a boss reporting to a senior executive reporting to the vice president reporting to the CEO.
____________is defined by Sage as "a system of interdependent ideas that explain and justify particular political, economic, moral, and social conditions and interests"?
Answer:
ideology
Explanation:
Ideology -
It refers to the set of values and beliefs , which the people have for the non - epistemic reasons , is referred to as the ideology.
The ideology depends on the basic assumptions not regarding any factual basis.
It is used in the system of ideas on the basis of the political and economic theories .
Hence, from the given information of the question,
The correct term is Ideology .
A project on Kickstarter for an iPad stylus raised 1,179% of their goal, raising a total of $311,275 from 7,556 supporters. What was their original goal?
Answer:
Their original goal was $26401.61
Explanation:
Data provided in the question:
Percentage of the amount of goal raised = 1,179% of their goal
Total amount raised by the project = $311,275
Now,
Let their original goal be 'x'
Therefore,
1,179% of x = $311,275
or
11.79 × x = $311,275
or
x = $311,275 ÷ 11.79
or
x = $26401.61
Hence,
Their original goal was $26401.61
To find the original goal of a Kickstarter project that raised 1,179% of its goal with a total of $311,275, divide the total amount raised by the percentage raised (in decimal form, i.e., 11.79). The original Kickstarter goal was approximately $26,399.49.
Explanation:To determine the original goal for the Kickstarter project, we need to understand that the percentage raised is relative to the original amount. When the project raised 1,179% of its goal, this means it raised 11.79 times the original goal. Given that the project raised $311,275 from 7,556 supporters, you can calculate the original goal by dividing that amount by 11.79.
Original goal = Total amount raised / Percentage raised
Your original goal is equal to $311,275 divided by 11.79, which approximately equals $26,399.49.
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Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point directly to the left of it. Assuming that the PPF has not shifted, this could be due to a. a gain of resources. b. a loss of resources. c. technological improvement in the production of both goods. d. a new law that interfaces with productive efficiency.
Movement from the PPF to a point directly to its left indicates a loss of resources in the economy. A gain in resources or technological improvement would shift the PPF outward, indicative of increases in production.
Explanation:The context of your question deals with the
Production Possibilities Frontier (PPF)
, an economic model that represents the trade-offs an economy can make between two items. If the economy moves from a point on the frontier to a point directly left of it, it implies there's been an inefficient use of resources, leading to less output. You can think of the leftward movement as a decrease in production. Let's break down your answer options:
A gain in resources would typically shift the PPF outward, enabling the economy to produce more of both goods. A loss of resources may cause the economy to move to a point within the PPF, as fewer resources results in reduced output. Technological advancement would also shift the PPF outward as it increases production efficiency. A new law that interfaces with productive efficiency might move the country within the PPF if it affects resource use negatively or outside the PPF if the law improves efficiency.Therefore, given the concept of PPF, a movement from the PPF to a point directly to its left would indicate a loss of resources.
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The Public Transport Union and the New York Transit Authority are in conflict with each other. When the conflict escalates, the New York City Council decides to intervene and settle the dispute. The Council, after listening to offers from both sides, puts forth a binding settlement, which both parties must accept. In the context of the alternatives to work stoppages, this is an example of:________.
Answer:
arbitration.
Explanation:
Arbitration is a method for resolving conflicts and disputes, without having to go to court.
Both parties involved in the dispute agree to present their arguments to a arbitrator or a group or arbitrators referred to as an arbitral tribunal. Both parties in dispute also agree to uphold and respect the decision that the arbitrator makes. The role of the arbitrator is to decide which party is right and decide what actions must be taken to favor that party. Arbitrators award a decision in favor of one of the parties, and that decision must be upheld by both parties.
In this case, the city council will act as the arbitral tribunal and decide whether the union or the transit authority is right.
A student has some $1 bills and $5 bills in his wallet. He has a total of 16 bills that are worth $44. How much of each type of bill does he have?
Answer:
Explanation:
Student has X amount of $1 bills and Y amount of $5 bills. At the same time, it is equal to $44 and 16 in terms of quantity. We can make an equation:
$1*X + $5*Y= $44 AND X+Y=16 ⇒ X=16-Y
16-Y+5Y=44
16+4Y=44
4Y=28
Y=7
X=16-Y=16-7=9
So, 9 bills of $1 and 7 bills of $5
A management philosophy that bases an employee's evaluations on whether the employee achieves specific, mutually agreed-upon performance goals is known as
Answer: Management by objectives
Explanation:
The management by objective is one of the type of management technique where all the employees of an organization and the managers are work together for monitoring and record all the specific goals.
It is the process of managing all the desired goals of the company by using the proper planning flow method. The main aim of the MBO (Management by objective) is that it basically determine the specific objective and also providing the feedback of the given result.
According to the given question, the management by objectives is refers to the management philosophy where the employees achieve the specific goals based on the evaluation.
Therefore, Management by objectives is the correct answer.
To produce x units of a religious medal costs Upper C (x )equals 17 x plus 32. The revenue is Upper R (x )equals 25 x. Both cost and revenue are in dollars.
a. Find the break-even quantity.
b. Find the profit from 260 units.
c. Find the number of units that must be produced for a profit of $80.
Answer:
a) 4 units
b) $2048
c) 14 units
Explanation:
Break-even quantity (BEP) is the level of activity that a business must operate to make its total revenue equal to its total cost. At this point, the business makes no profit or loss. It gives an idea of the exact number of units of product to be sold in order to cover its total fixed cost.
Break-even point (BEP) is calculated as follows:
BEP (units) = Total Fixed Costs for the Period/ (SP - VC)
SP- selling price, VC- variable cost per unit
Profit : This is the excess of the total revenue over and above the total cost .
Profit = Total revenue - total cost.
Total revenue = SP × units sold
Total cost = Variable cost + Fixed cost
Total variable cost = VC per unit × units sold
The number of units t achieve a target profit is determined as follows:
Units to achieve profit = (Total fixed cost + Target profit)/(SP - VC)
Now we can apply all these concepts to our question,
From the question, VC per unit= $17, SP per unit= $25, Fixed cost = $32
a) BEP = 32/(25-17) = 4 units
b) Profit from 260 units
Profit = (25 ×260) - ((17 × 260) + 32)
= $6,500- $4,452
= $2048
c) Units to be produced to achieve a profit of $80
Units = (32 + 80)/(25-17)
= 14 units
__________ is the customer's evaluation of the difference between all the benefits and all the costs of a market offering relative to those of competing offers. A. Customer-perceived value B. Objective value C. Demand D. Exchange E. Satisfaction
Answer:
(A) Customer-perceived value.
Explanation:
Objective value is based on facts, observance and results of a specific process. The results observable may be of the advertising efforts, logistics and inventory control, shift in product promotion approach and customer focused approach followed by the firm etc.Demand is the quantity of a particular good, the customers are desiring and willing to purchase at a certain point of time.Exchange refers to a transaction of sale and purchase of a good or service.Satisfaction is the measure of happiness. A customer can be delighted or disappointed with a firm's product.Now, we are left with Customer-perceived value which is the customer's evaluation of the difference between all the benefits and all the costs of a market offering relative to those of competing offers. A higher customer perceived value can bring customer loyalty and good product feedback to other potential customers, which can make the product seller's prospects bright for the future.
Customers who are classified as true believers ________. Group of answer choices are attracted to a company's competitor's deals and offers have needs and wants that do not fit a company's offerings are not very profitable for a company tell others about their good experiences with a company are projected to be less loyal to any brand
Answer:
tell others about their good experiences with a company
Explanation:
Customers who are classified as true believers tell others about their good experiences with a company. This happens because a customer decides to try a product from a specific company and ends up having such a good experience with the product that the individual gains loyalty to that product and company, and later decides to share his/her experience.
If a country's GDP decreases, but its debt increases during that year, then the country's debt to GDP ratio for the year will _______________ in proportion to the magnitude of the changes.
Answer:
Increase
Explanation:
Let us assume that GDP was $50 trillion and debt was $5 trillkon in 2018 and GDP fell to $45 trillion in 2019 and debt increased to $15 trillion. The debt to GDP ratio in 2018 is $0.1 trillion and in 2019 it is 0.3. The debt to equity ratio increased.
_____ is building and maintaining relationships with people whose interests are similar to one's own or with whom relationships could bring advantages to the firm.
Answer:
The correct answer to the following question will be "Networking".
Explanation:
Networking is an information sharing and thoughts between people who share a common occupation or a special interest in business, typically in an appropriate social environment. Networking also starts on a specific point of commonality.Networking is developing and sustaining connections with people whose priorities are close to one's or to whom relationships may bring benefits to the business.It's used by practitioners to extend their intelligence networks, to find out more about employment opportunities in their industries, and to raise their understanding of information and events in their sectors or the broader world.Therefore, Networking is the right answer.
For each of the following situations involving marginal cost (MC) and marginal benefit (MB), indicate whether it would be best to produce more, fewer, or the current number of units.
a. 3,000 units at which MC = $10 and MB = $13.
b. 11 units at which MC = $4 and MB = $3.
c. 43,277 units at which MC = $99 and MB = $99.
d. 82 units at which MC < MB
e. 5 units at which MB < MC
In situations where the marginal cost is less than the marginal benefit, it's optimal to produce more units, whereas in cases where the marginal cost exceeds the marginal benefit, it's best to produce fewer units. If the marginal cost equals the marginal benefit, the current level of production is ideal.
Explanation:Firstly, let's clearly define MC and MB. MC is short for Marginal Cost, which is the cost of producing one more unit of a good. MB stands for Marginal Benefit, which is the additional satisfaction or usefulness a consumer gets from having one more unit of a good or service.
If the MC is less than the MB ($10 < $13), it would be best to produce more units. In the case where the MC is greater than the MB ($4 > $3), it is recommended to produce fewer units. When MC equals MB ($99 = $99), the current level of production is ideal. In a situation where MC is less than MB, it's best to increase production. Conversely, if MB is less than MC, it is advisable to produce fewer units.Learn more about Economic Decision Making here:https://brainly.com/question/10811559
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Groups like The Free Press are lobbying the Federal Communications Committee (FCC) to oppose legislation that would make it possible for Internet service providers to charge fees that would allow large companies to pay for quicker speed online. What principle is reflected in this example?
Answer:
Net Neutrality
Explanation:
Net neutrality is the principle that providers of internet services such as Cisco and Comcast must handle all material that passes via their networks and cell towers fairly.
Which means they should not be able to maneuver such information through "fast lanes" whilst preventing other content or somehow discriminating against it.
These corporations must not be able to prevent anyone from using a platform such as Skype, or slowing down Netflix or Hulu, to persuade you to retain your cable package or purchase another video streaming service.
Until the late 18th and early 19th centuries, most organizations were relatively small and were owned and operated as sole proprietorships or__________________.
Answer:
Until the late 18th and early 19th centuries, most organizations were relatively small and were owned and operated as sole proprietorships or partnerships.
Explanation:
After the advent of industrialization, many individuals chose to shift to mass production of commodities. These individuals set up small businesses of their own with their own capital. The ones who could not afford to start a set up with what they had entered into partnerships. As there was no concept of corporations, the trend of shared ownership among more than two persons did not exist.Considering an economic system, converting products made by producers into varieties sought by consumers is the role of ___________.
A. Factory supervisors
B. Upstream partners
C. Third-party logistics
D. Marketing intermediaries
E. Price consultants
Answer: (D) Marketing intermediaries
Explanation:
The marketing intermediaries is basically refers to the supply chain between the producer and the various types of end users or consumers that linked both of them and also know as the distribution intermediaries.
The main function of the marketing intermediaries is that it helps in establishing a relationship between the retailer and the producer.
The following are the different types of marketing intermediaries are as follows:
RetailerAgents Distributors WholesalersTherefore, Option (D) is correct answer.
Final answer:
The role of converting products made by producers into varieties sought by consumers is performed by marketing intermediaries. They act as a bridge in the supply chain between producers and consumers, facilitating distribution and matching products with consumer needs.
Explanation:
Considering an economic system, converting products made by producers into varieties sought by consumers is the role of marketing intermediaries. Marketing intermediaries, or middlemen, are entities that operate between the producer and the consumer, making sure that the goods produced by companies reach the final users in the most efficient and desired form. These can include wholesalers, retailers, distributors, and agents who help in promoting, selling, and distributing the products to consumers.
Producers create goods and services, while marketing intermediaries assist in supply chain management by ensuring that these goods and services are available to consumers in suitable varieties. This can involve various functions such as packaging, branding, and quality control to better match consumer preferences and market demands.
Suppose that an economy, producing at point A on a production possibilities frontier, produces 450 units of good X and 200 units of good Y. Also suppose that, with the same resources and technology, the economy could produce at point B, which represents 650 units of good X and 500 units of good Y?
Answer:
Productive efficiency and economic growth
Explanation:
This means the economy is able to achieve optimal combination of her productive input to achieve a maximum level of output at a lower cost.
The ability of an economy to increase the production of goods and services from the existing level of production to a higher level of output. without change in technology or increase in resources is called productive efficiency.
The technological advance reduced the amount of resources needed to produce 30
machines. These resources could be used to produce more food
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