after meeting with the borrowers to complete a loan application, you return to your office and order a tri-merged credit report. now that you have a credit report, what loan disclosure must you now prepare and mail (or give) to them?

Answers

Answer 1

Notice to Home Loan Applicant

Can the borrower get a credit report?

The lender or broker is permitted by the Fair Credit Reporting Act to provide their client with a copy of the report they have obtained. However, if you decide to do so, you must be ready to explain the report to your customer and the information it contains.

Who is eligible for a loan is determined by lenders using what criteria?

To determine whether you are eligible for a personal loan, the majority of lenders look at your income, DTI ratio, credit score, and credit history.

What is included in a disclosure of a credit score?

In a nutshell, this is a disclosure that contains information such as the applicant's credit score, the range of possible scores, key factors that negatively impacted the credit score, the date of the score, and the name of the individual or organization that provided the score.

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Related Questions

What is the relative use of each form of business in United States and how that has changed over Time

Answers

Sole proprietorship, is the relative use of each form of business in the United States. It was easy to operates are the easy.

What is business?

The most of the business are the used this extemporaneous style of speaking is chance to the employer and employee to the participation of the answering the question about the current project and business policies.

The United States are the sole proprietorship, was the most popular. The sole proprietorship are the owner of the business are not share the profit. The sole proprietorship are the changed in the United States. They are the developed of the economy of the country.

As a result, sole proprietorship, is the relative use of each form of business in the United States. It was easy to operates are the easy.

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Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup on cost instead of on selling price. What is Misu’s cost? (Round your answer to the nearest cent.)

Answers

Based on the price that Misu Sheet's customers will pay no more than, and the markup on cost, Misu's cost can be found to be $92.31

How to find the cost?

If the customers to the Bedspread Shop will not pay more than $120 then this is the amount that can be charged as a selling price.

The cost will need a 30% markup on it to be able to get to the selling price of $120.

This means that the cost is:

= Selling price / ( 1 + Markup percentage)

= 120 / (1 + 30%)

= 120 / 1.30

= $92.31

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Are lease agreements non refundable?

Answers

Answer:

Explanation:

Yes, you may stay for month and In last by writing you may ask landlord to adjust the security for arrears or rent.

Or you may give advance notice to the landlord that you would vacate the premises on so n so date and for that period you would not pay the rent and same may be adjusted from security.

The number of "destination weddings" has skyrocketed in recent years. For example, many couples are opting to have their weddings in the Caribbean. A Caribbean vacation resort recently advertised in Bride Magazine that the cost of a Caribbean wedding was less than $30,000. Listed is a total cost in $000 for a sample of eight Caribbean weddings. At the 0.10 significance level, is it reasonable to conclude the mean wedding cost is less than $30,000 as advertised?


29.1 28.5 28.8 29.4 29.8 29.8 30.1 30.6

pictureClick here for the Excel Data File

a. State the null hypothesis and the alternate hypothesis. Use a 0.10 level of significance. (Enter your answers in thousands of dollars.)



b. State the decision rule for 0.10 significance level. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)



c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)



d. What is the conclusion regarding the null hypothesis?



rev: 11_15_2021_QC_CS-285580

Answers

The hypothesis is H0 : U ≥ 30000, H1 : u < 30000, decision is to reject H0 if T < critical value. test statistic is -0.26408. The conclusion is to fail to reject the null.

How to write the hypothesis .

a. The null hypothesis = H0 : U ≥ 30000

Alternate hypothesis = H1 : u < 30000

b. The decision rule would be to reject the null if t is less than the level of significance

Using the critical value calculator, tghe critical value = - 1.415

Test statistic calculation

c. test statistic calculation

mean = fx / n

= 29.5125

t statistic = x - u / s √n

s = 0.652758

= 29.5125 - 30.000 / 0.652758√8

= -0.4875 / 1.846

= -0.26408

d. The test statistic =  -0.26408

The critical value = - 1.415

test statistic > critical value

we will not have to reject the null hypothesis. We would say that the cost is not less than 30 000.

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Dwight Donovan, the president of Munoz Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $106,000 and for Project B are $46,000. The annual expected cash inflows are $27,252 for Project A and $12,761 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Munoz Enterprises’ desired rate of return is 8 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)

Required

Compute the net present value of each project. Which project should be adopted based on the net present value approach?

Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?
What is the Net Present Value for project A and project B?
Project A?
Project B?

Answers

The project that should be adopted based on the net present value is project B.

The project that should be adopted based on the internal rate of return is project B.

Which projects should be adopted?

Net present value is the present value of after-tax cash flows from an investment less the amount invested. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

The decision rule when using the internal rate of return and the net present value is to undertake the project if the internal rate of return and net present value.

NPV and IRR can be calculated using a financial calculator:

Project A:

Cash flow in year 0 = $-106,000

Cash flow in year 1 - 5=  $27,252

I = 8 %

NPV = $2,809.33

IRR = 9%

Project B:

Cash flow in year 0 = $-46,000.

Cash flow in year 1 - 5=  $12,761

I = 8 %

NPV = $4,950.97

IRR = 12%

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what is the best approach to handling the expectation of privacy by employees in the event an investigation needs to be carried out on company-owned digital assets?

Answers

The ideal method for managing personnel in the event of an inquiry is to have a clearly stated, published policy that specifies that an employer has the right to check, inspect, or access company-owned assets.

The best way to handle employees' expectations of privacy in the event that a digital asset held by the company needs to be inspect investigated is to have a well-defined, published policy that makes it clear that an employer has the right to look at, inspect, or access company-owned assets.

policies for publishing These guidelines help us fulfill our core responsibility as a preeminent research publisher, which inspect is to provide authors the peace of mind that we will do everything in our power to make published policy their work as discoverable, accessible, comprehensible, useable, reusable, and shared as possible.

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The complete question is

What is the best approach to handling the expectation of privacy by employees in the event an investigation needs to be carried out on company-owned digital assets?

A. A well-defined published policy that clearly states that an employer has the right to examine, inspect or access company-owned assets.

B. No approach or planning is necessary – there is no right to privacy in the corporate environment.

C. If an investigation needs to be carried out, simply have the employee sign a waiver form before it begins.

D. Every employee has the right to privacy in the corporate environment, so no policies can be forced upon them.

Which of the following should be considered last when searching for financing? Question 6 options: Family members Banks Commercial finance companies Credit cards

Answers

Answer:

Credit cards

Explanation:

Ethics Student Activity Packet

Answers

Ethics, often known as moral philosophy, is a philosophical field that "involves systematizing, defending, and advocating conceptions of good and bad action." See further explanation below.

What are the codes of conduct for Accounting Professionals?

Recall that the field of ethics, like aesthetics, is concerned with considerations of worth; together, these subjects compose the branch of philosophy known as axiology.

The updated Code creates a conceptual framework for all professional accountants to follow in order to assure conformity with the five core ethical principles:

IntegrityObjectivity.Due Care and Professional DexterityConfidentiality.Professionalism in Action.

Accounting professionals must follow the rules and regulations that govern their domains and bodies of work in order to be ethical. Avoiding behaviors that might harm the profession's reputation is a realistic promise that business associates and others should anticipate.

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Choose the response that accurately completes the following sentence. A taxpayer claiming the Premium Tax Credit:
May be claimed as a dependent on another person's return, as long as they are under age 27.
May have employer-sponsored health care coverage.
Must have purchased private coverage through a plan outside the Marketplace.
Must be lawfully present in the United States.

Answers

A taxpayer claiming the Premium Tax Credit May be claimed as a dependent on another person's return, as long as they are under age 27.

Anyone who the owes taxes to the federal, state, or municipal governments, whether an individual or an organization, is considered a taxpayer Credit. Governments typically fund themselves through taxes paid on both the residents and the businesses. A taxpayer is a natural person, business, or the other organization that owes taxes. As modern taxpayers, the government may issue identification or reference numbers to individuals or the businesses. A taxpaying individual is frequently referred to the "taxpayer."

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9. production possibilities curve is a graph that shows
(A) Alternative ways to use an economy's
resources.
(B) A company's projected product sales.
(C) How a country will budge its resources.
(D) How a company will pay its expenses.

Answers

Production possibilities curve is a graph that shows alternative ways to use an economy's resources.

In economics, a production possibilities curve measures the maximum output of two goods for a given amount of input. The input is made up of the four production variables: labor, capital goods, natural resources (including land), and entrepreneurship. In economics, the most efficient way to make a pair of things is depicted by the production possibilities curve. The points on the curve show how much of each good will be generated when resources are allocated to generating more of one good and less of another.

The cost of society's decision to choose between two alternative commodities is depicted by the production possibility curve. The best quality of life is possible for an economy when it is operating at the production possibility frontier, or the extreme edge of this curve, since it is employing its resources to produce as much as possible.

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how to do this questions?

Answers

The Net Income for 2018 after all income and money used will be $320.40.

Total Sales = $3,060

Receiving goods price =$ 1,800

Total Money used = $600

Earnings before  = $660

Money used  = $126

Earnings before  =$ 534

40% =$ (534  × 40%)

                       =$ 213.60

Net Income for 2018 =  $320.40

What is Net Income?

The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid. Net income is the amount that a person keeps after paying taxes, health insurance premiums, and retirement contributions.

So, The correct option is C.

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8. A manager is trying to decide whether to purchase a certain part or to have it produced internally.
Internal production could use either of two processes. One would entail a variable cost of $17 per
unit and an annual fixed cost of $200,000; the other would entail a variable cost of $14 per unit
and an annual fixed cost of $240,000. Three vendors are willing to provide the part. Vendor A has
a price of $20 per unit for any volume up to 30,000 units. Vendor B has a price of $22 per unit for
Chapter Five Strategic Capacity Planning for Products and Services
demand of 1,000 units or less, and $18 per unit for larger quantities. Vendor C offers a price of
$21 per unit for the first 1,000 units, and $19 per unit for additional units.
a. If the manager anticipates an annual volume of 10,000 units, which alternative would be best
from a cost standpoint? For 20,000 units, which alternative would be best?
b. Determine the range for which each alternative is best. Are there any alternatives that are never
best? Which?
217

Answers

Vendor B exists still the lowest so they exists the best from an overall cost standpoint. The best alternative is going to be vendor B because it is the lowest in both calculations.

How to find the cost standpoint?

The best alternative is going to be vendor B because it is the lowest in both calculations.

First of all, we would calculate 10,000 Units

The Total cost here = Fixed cost + Variable cost

Total Cost for Int1:

200,000 + 17 × 10000 = 200,000 + 170,000 = 370000

Total Cost for Int 1:

240,000 + 14 × 10000 = 240000 + 140000 = 380000

Total Cost for Vendor A:

20 × 10000 = 200000

Total Cost for Vendor B:

18 × 10000 = 180,000

Total Cost for Vendor C:

21 × 1000 + 19 × 9000 = 192000

We can see that Vendor B is the lowest. It is best from an overall cost standpoint

Secondly, we have to calculate for 20000 units

The Total cost = Fixed cost + Variable cost

Total cost for Int1:

200,000 + 17 × 20000 = 200,000 + 340,000 = 540000

Total cost for Int 1:

240,000 + 14 × 20000 = 240000 + 280000 = 520000

Total Cost for Vendor A:

20 × 20000 = 400000

Total Cost for Vendor B:

18 × 20000 = 360,000

Total cost for Vendor C:

21 × 1000+19 × 19000=382000

Vendor B exists still the lowest so they exists the best from an overall cost standpoint.

The complete question is:

A manager is trying to decide whether to purchase a certain part or to have it produced internally. Internal production could use either of two processes. One would entail a variable cost of $17 per unit and an annual fixed cost of $200,000; the other would entail a variable cost of $14 per unit and an annual fixed cost of $240,000. Three vendors are willing to provide the part. Vendor A has a price of $20 per unit for any volume up to its maximum capacity of 30,000 units. Vendor B has a price of $22 per unit for demand less than 1,000 units and $18 per unit for larger quantities. Vendor C offers a price of $21 per unit for the first 1,000 units and $19 per unit for additional units.

a. If the manager anticipates an annual volume of 10,000 units, which alternative would be best from a cost standpoint? For 20,000 units, which alternative would be best? (Omit the "$" sign in your response.)

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Which is an indicator of a highly relevant comparable company?

Answers

An indicator of a highly relevant comparable company is what is known as industry classification.

Industry classification is a very germane factor when selecting comparable companies. Begining with a company's industry will help an analyst find similar companies, as companies in an industry often operate similarly.

What is an industry classification?

Industry classification or industry division is a type of economic categorization that classifies companies, organizations and traders into industrial divisions based on similar production processes, similar products, or similar behavior in financial markets.

Various Classification of Industry is as follows:

Considering various several school of thoughts on the classification of industry. The most commonly used classification of industry in socio-economic term is carefully stated below:

Primary IndustrySecondary Industry : Heavy and Light IndustryTertiary IndustryQuaternary IndustryBasic IndustryNon-Basic Industry

Therefore, the key factor which serves as indicator of a highly relevant comparable company is industry classification.

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2. if the quality of goods provided by suppliers is identical, purchasing goods based on lowest price is the best strategy, agree or disagree? explain your answer

Answers

Yes, purchasing the good at lowest price is the best strategy when the quality of goods provided by the two suppliers are identical. Because purchasing a good at the lowest price reduces the cost of the product.

What is Product quality?

Product quality refers to how well a particular project satisfies the needs of the customer and meets the industrial needs of a particular industry. The quality of a product is very essential for its Demand and supply. If the quality of the product is good, it increases the demand and supply of good and services in the market. Corporates and consumers have adopted various divergent views on product quality.

Product performance and customer services are very closely linked with  a quality  programme . For companies product quality earns a customer's loyalty and helps the brand to establish the brand recognition. Customers buy more goods and services from a company or an organization they know and trust. By providing products at a lower price and improving the product quality encourages the customers to buy the products from the company which in return increases the revenue of the company.

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At some schools, the word concentration is used instead of major.

True
False

Answers

The answer is true. Concentration can mean major

all cash receipts and outflows during an interest period are treated as if they all happened at the same time. what is that time, and what is this rule called?

Answers

The end of the time period is the point at which all cash inflows and outflows within an interest period are handled as though they occurred simultaneously; this rule is referred to as the End of the period convention.

Explain the concept of cashflows.

Cash flow can be defined as the net amount that flows into and out of your organization over a specific period of time.Typically, this time frame is a month, quarter, or year.

The cash inflow is the total sum of money coming into your business. Positive cash flow occurs when there is more money entering in than leaving the business. Cash inflow includes any profits you make from investments you make. It also includes the money you receive immediately from clients in return for the products or services you render.

When money leaves your company, this is referred to as a cash outflow. When it comes to operations, cash outflow happens when you pay your employees' salary and when you pay your rent.

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If Government expenditures increase by $800B and MPS is equal to 0.05, what will be the increase in real GDP?

Answers

In the situation given above, where the government expenditures increase by $800B and the MPS is equal to 0.05, then the increase in the real GDP of the economy will be equal to $4T.

What is the significance of an increase in real GDP?

An increase in the real GDP can be referred to or considered as the increase in the quantity of finished products being produced in an economy during a given period, which is also adjusted for the rate of inflation during such period.

When MPS is equal to 0.05, the value of the multiplier will be equal to 5. As a result, the increase in real GDP will be,

Increase in the real GDP = Increase in expenditure*Multiplier

Increase in the real GDP = 800 × 5 = 4T.

Therefore, the significance regarding the increase in the real GDP has been aforementioned.

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nowledge Check 01

On November 1, the company rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was received from the tenant on that date. The payment was recorded with a credit to the Unearned Rent Revenue account.

Complete the necessary December 31 adjusting journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.

Answers

Answer:

I would say in December 31

The structure of organization includes:




Select one:
A.
identification and classification of required activities,
B.
informal organization,
C.
establishing enterprise objectives,
D.
authority relationships

Answers

Answer: identification and classification of required activities

Explanation:

Answer:

Explanation:

The correct answer for this question will be

A. identification and classification of required activities.

It is very important to group similar activities necessary to attain objectives. The assignment of each group to a manager with the authority necessary to supervise it. The process of structuring human and physical resources in order to accomplish organizational objectives involves dividing tasks into jobs, specifying the appropriate department for each job, determining the structure.

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Customer objections can be categorized as relating to
Group of answer choices

timing and sequence.

need and sequence.

source and pitch.

product and price.

Answers

Customer objections can be categorized as relating to product and price.

What is meant by customer objections?

This is the term that is used to refer to all of the concerns that a prospective consumer is going to have. This is what would have to make the person to hesitate in terms of making a purchase decision.

The reason is due to the fact that the people that buy want to be sure that the good that they are buying is a good one.

Hence the last option is the correct solution to the question that we have here.

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you run a nail salon. fixed monthly cost is $5,806.00 for rent and utilities, $5,924.00 is spent in salaries and $1,174.00 in insurance. also every customer requires approximately $3.00 in supplies. you charge $125.00 on average for each service. you are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,627.00, salaries to $6,295.00 and insurance to $2,022.00 per month. cost of supplies will increase to $8.00 per service. however you can now charge $146.00 per service. at what point will you be indifferent between your current location and the new location?

Answers

It makes no difference where the nail salon is located with 378 clients.

Describe insurance.

Insurance is a legal agreement, evidenced by a policy, under which a policyholder receives financial security or compensation from an insurance provider against losses. The company pools the risks of its clients in order to make payments to the insured more manageable.

Calculation:

Giving the following information:

The fixed monthly cost is $5,806.00 for rent and utilities

$5,924.00 is spent on salaries.

$1,174.00 in insurance.

Every customer requires approximately $3.00 in supplies.

You charge $125.00.

New location:

Fixed costs in rent and utilities= $10,627

Salaries= $6,295.00

Insurance to $2,022.00 per month.

The cost of supplies will increase to $8.00 per service.

The selling price = $146.00 per service.

Old location gross profit equals contribution margin*Q minus fixed costs

Gross profit old location= (125-3)*Q - 12904

Gross profit at new locations is equal to contribution margin*Q minus fixed costs.

Gross profit new location= (146-8)*Q - 18944

122*Q-12904 = 138*Q - 18944

6040 = 16*Q

Q = 377.5

= 378 costumers.

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Having more capital goods requires


spending more of our money on consumer goods


giving up some present day consumption


giving up some present day investment spending


increased government regulation about what should be produced

Answers

Answer:

spending more money on consumer

Sheldon, a physicist, has developed a breakthrough formula and he wants to protect it. What type of intellectual property law covers confidential information, such as a physics formula, that is in the process of being licensed?

A. Trade secret

B. Copyright

C. Trademark

D. Patent

Answers

The type of intellectual property law that covers confidential information, such as a physical formula, that is in the licensing process is A. Trade Secret.

What is trade secret?

Corresponds to a type of licensing whose objective is the protection of intellectual property whose information is confidential and for use only by the creator himself, who also has the right to license it and receive royalties for it.

Therefore, trade secret is related to a property, as an innovative formula, which may contain confidential and valuable information, whose owner has legal use, licensing and disclosure rights.

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What could of been an improvement in the book the making of a manager

Answers

An improvement in the book the making of a manager will be to tell how to hire people effectively

What is the book "The Making of a Manager" about?

It is a book written by Julie Zhuo which served as a modern field guide packed with an everyday examples and transformative insights. The book entails the followings:

How to tell a great manager from an average manager (How to build trust with your reports through not being a bossWhere to look when you lose faith and lack the answers

In conclusion, when we are new to the job, leader or looking to be promoted, the handbook is the type of book that you need to be the kind of manager you wish you had.

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Janet and Evelyn are seeking legal counsel regarding questionable behavior by a rival ad agency. They don’t know if the rival is guilty of intentional or unintentional civilly wrongful actions. What type of law covers such actions?

A. Administrative law

B. Community law

C. Environmental law

D. Tort law

Answers

The type of law that covers such actions against a particular company is letter D. Tort law.

What is the tort law?

Corresponds to a law that will determine whether an act can be judged as unlawful or not, that is, it can be defined as a law that covers civil wrongs and makes legal responsibility and reparation for such wrongful wrong.

Therefore, the law of tort can be related to the need to ascertain whether questionable behavior is subject to correction and legal accountability.

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Ethics Student Activity Packet

Answers

There are many situations where you may feel that the "right" answer is debatable, namely ethical dilemmas such as accepting a bribe or accepting unethical attitudes from others.

What is an ethical dilemma?

It corresponds to a situation where there are two options to choose from for decision making, both of which do not actually correspond to an ethical decision, such as if you observe your friend committing an unethical act at school and you do not know if what you should to do is to tell the directors what actually happened or not.

For a person to decide what is or is not ethical, it is essential to make a moral and value judgment about a situation, the decision can be made according to the option that benefits the greatest number of people, for example.

Therefore, ethics is the set of moral values ​​that directs positive behavior in society, and should be a parameter for the actions of individuals in society.

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Melissa has been an assistant at Star Equity Bank for more than 14 years. She earns a good salary and has made friends at work, but she has been passed over for promotion twice and feels that no one appreciates her abilities and skills. Melissa is concerned with satisfying her

Answers

Since Melissa has been an assistant at Star Equity Bank for more than 14 years. Melissa is concerned with satisfying her self-actualization.

What does Maslow mean by self-actualization?

In his "Hierarchy of Needs" theory of human motivation, Maslow made reference to self-actualization, the highest level or stage. The highest-order motivations, according to the hierarchy of needs, are those that push us to reach our "ideal self" and accomplish our full potential.

Therefore, Self-actualization refers to achieving one's full potential. Since most individuals are working to meet more urgent wants, it sits at the top of Maslow's hierarchy of needs and is regarded as the exception rather than the rule.

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From the following list, identify those that are likely to serve as source documents. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Sales ticket
Trial balance
Balance sheet
Telephone bill
Invoice from supplier
Company revenue account
Income statement
Bank statement
Prepaid insurance

Answers

From the following list, these are likely to serve as source documents.

Sales ticketsTelephone billinvoice from supplierBank statement

A document is a written, drawn, presented, or memorialized illustration of thought, regularly the manifestation of non-fictional, in addition to fictional, content material. The word originates from the Latin Documentum, which denotes a "coaching" or "lesson": the verb doceō denotes "to teach".

In each subject, it is critical to decrease as a good deal hazard as feasible. Documentation is a amazing tool in protective in opposition to proceedings and complaints. Documentation assist ensure consent and expectancies. It allows to tell the narrative for selections made, and how your self or the patron replied to exceptional conditions.

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the rational model of decision making is considered ______ in that it describes how managers should make decisions rather than how they actually make them.

Answers

Since the rational model of decision-making prescribes how managers should make decisions rather than how they really do, it is regarded as prescriptive.

Since the Instead of offering advice or summarizing what is done, a prescriptive approach entails telling individuals what they should do. rational model of decision-making outlines how rational model managers should make decisions rather than how they actually do, prescriptive it is seen as normative.

Instead than focusing on how managers actually make prescriptive decisions, a normative decision-making approach defines how they should make decisions and offers guidelines for achieving the best possible outcome for the organization.

A descriptive approach, however, focuses on how managers prescriptive actually make decisions as opposed to how they rational model should make decisions in accordance with a theoretical ideal.

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Write about a business management theory that you identify with, incorporating real life examples in your answer.

Note - Minimum word requirement is 200 words

Answers

Management theories are ideas that accompany suggested management tactics, which may include implementable tools like frameworks and guidelines in contemporary businesses.

What are the theories of business management?

Classical management theory, behavioral management theory, and modern management theory are the three primary divisions of management theory (1940s).

Which management theory is the greatest, and why?

Consider scientific management, also referred to as Taylorism, which is likely the most well-established management theory ever. It implies that a manager's responsibility is to boost a production system's efficiency.

What is the current management theory?

The application of statistical techniques supports administrative decision-making in this contemporary philosophy of organization. However, to effectively manage an organization, this current management concept is insufficient. To utilize the workforce to its fullest potential, a humanistic perspective and a grasp of human motivation are also necessary.

According to the systems theory of management, every organization is made up of a number of interconnected pieces or subsystems that function as a single, cohesive system. Each component of the overall system depends on the others and is unable to operate to its full potential on its own.

According to the systems theory of management, every company is an interconnected system that functions like a live creature with a variety of factors at play to keep things running smoothly.

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