Lee Wong gross pay equals $472.
Define gross pay?Employees' gross pay is their salary before any payroll deductions such as taxes, benefits, and other expenses are made. Net pay, often known as take-home pay, is the amount that is left over after all withholdings have been taken into consideration. The number of hours worked multiplied by the employee's hourly wage can be used to determine the gross wages for hourly workers.
If Lee Wong is paid $8.00 per hour, then for 39 hours, she will get
39 × 8 = $312
He gets 4% commission on all sales. If her sale is $4000, the her commission will be
4000 × 4/100
= $160
Then her total gross income will be $312 + $160 = $472
= $472
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suppose that a market basket used to construct a university student price index (uspi) consists of 4 textbooks and 100 gallons of gasoline. in 2018, the base year, textbooks cost $100 each, and gasoline costs $2 per gallon. in 2019, textbooks still cost $100 each, and gasoline costs $4 per gallon. the uspi for 2019 is:
In 2019, textbooks still cost $100 each, and gasoline costs $4 per gallon. the USPI for 2019 is 133.33
Calculation:
Cost of basket in 2018 = 4 × 100 + 100 × 2 = 600
Cost of basket in 2019 = 4 × 100 + 100 × 4= 800
CPI in 2019 = 800/600 ×100 = 133.33
The Consumer Price Index (CPI) tracks changes in consumer prices on a monthly basis in the United States. The cost-of-living index (CPI) is determined by the Bureau of Labor Statistics (BLS) as a weighted average of prices for a sample of products and services that is indicative of total consumer expenditure in the United States.The CPI is among the most widely used indicators of inflation and deflation. The producer price index (PPI), which tracks changes in the prices paid to US producers of goods and services, has a different survey methodology, pricing samples, and index weights than the CPI report.The CPI is based on around 94,000 price quotations that are gathered each month from 23,000 retail and service businesses and 43,000 rental housing units.Learn more about Consumer Price Index (CPI), here
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true or false: networking uses technology, such as a company intranet, to link organizations and their suppliers to allow them to work together for a common goal.
The four sorts of hierarchical designs are practical, multi-divisional, level, and lattice structures.Circular, team-based, and network structures are additional options.
Which of these are thought to be drawbacks of centralized power?The tendency to stifle creativity and innovation, making it difficult for an organization to adapt to change, is one of the disadvantages. Low-level employees' levels of job satisfaction and organizational commitment may also suffer as a result of centralized authority.
Restructuring is the process of redesigning an organization so that it can better serve its clients.
Functional. The most common strategy is a functional structure. It calls for putting people who perform similar tasks in the same category together.
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among other advantages, preferred suppliers are more likely than non-preferred suppliers to provide capacity for meeting unexpected demand, and also provide cost efficiency due to economies of scale. among other advantages, preferred suppliers are more likely than non-preferred suppliers to provide capacity for meeting unexpected demand, and also provide cost efficiency due to economies of scale. true false
True, the preferred suppliers may provide capacity for meeting unexpected demand, and also provide cost efficiency due to economies of scale. It is because preferred suppliers have lower inventory cost and administrative efficiency that is no need to solicit and review bids from a variety of suppliers.
Suppliers can be defined as a company, a person or an organization that sells or supplies something such as equipment or goods to customers. There are several types of suppliers, such as services suppliers, sub contractor suppliers, manufacturer suppliers or producer suppliers, distributors, and also importers.
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which of the following regions describes the euro zone? a. a region that has a common currency b. a region that comprises eu members without a common currency c. a region that comprises all eu members d. a region that has passport-free traveling
a. a region that has a common currency describes the euro zone.
A currency is a standardization of money in any form, in use or movement as a medium of alternate, for example banknotes and cash. A more general definition is that a foreign money is a machine of cash in not unusual use within a selected environment through the years, specially for people in a state state. forex is a medium of exchange for goods and offerings. In brief, it's money, inside the shape of paper and cash, usually issued by means of a central authority and generally prevalent at its face value as a technique of fee.
Currency may be decided in two most important ways: a floating price or a hard and fast rate. A floating fee is determined by the open market through supply and demand on international forex markets. therefore, if the demand for the foreign money is high, the fee will boom.
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damages that are generally equal to the difference between the value of the goods as warranted and the actual value of the goods accepted at the time and place of acceptance are known as .
Compensatory damages
What are compensatory damages ?
Money that is granted to an affected person as compensation for losses, injuries, or other losses is known as compensatory damages. In civil court situations when loss has happened as a result of another party's carelessness or illegal behavior, compensatory damages are granted.
The plaintiff must demonstrate that a loss occurred and that it was due to the defendant in order to be awarded compensatory damages. Additionally, the plaintiff must be able to demonstrate to the jury or court how much they have lost. The only money that should be provided as actual damages is what is required to replace what was lost. Typically, compensatory damages are given in civil court disputes to make up for losses suffered such as harm or damages.
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Which type of market is the one in which a person buys stock in the fast-food company that makes their favorite breakfast sandwich?.
Financial markets are those in which a person purchases stock in a fast-food company.
What is Financial markets?A financial market is a market in which financial securities and derivatives are traded at low transaction costs. Stocks and bonds are examples of securities, as are raw materials and precious metals, which are known as commodities in the financial markets. Financial markets encompass any location or system that allows buyers and sellers to trade financial instruments such as bonds, equities, various international currencies, and derivatives. Financial markets facilitate the interaction of those in need of capital and those with capital to invest. Financial markets, in general, refer to any market where securities are bought and sold. The stock market, bond market, and commodities market are all examples of financial markets.To learn more about Financial markets, refer to:
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3. patnode's 2015 statement of cash flows contains four items in the financing section. three of them are short-term debt issued, $15,000; short-term debt paid, ($10,000); and dividends paid, ($1,000). what is the fourth item in the financing section? retained earnings, $4,600 common stock issued, $3,000 long-term debt paid, ($3,000) cash from financing, $3,000
2nd option seems to be the correct option. Common stock issued $3000 is the correct answer. Common stock is the fourth item under the financing section.
The ownership of equity in a firm is represented by common stock which is a category of securities. There are several words that are equivalent to the term common stock, such as common share, ordinary share, or voting share. Common stockholders are the owners of the right to participate in the election of the board of directors, vote on significant corporate decisions, and claim a portion of the company's profits.
The fourth item in the financing section is a common stock issued $3000. The remaining three items in the financing section retained are short-term debt issues $3000, short-term debt paid $10,000 and dividends paid $1000
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what is the adjusted cash balance per bank, if the cash balance per bank statement is $12,150; there are $6,245 of outstanding checks; and $2,385 of deposits in transit?
If the cash balance per bank statement is $12,150; there are $6,245 of outstanding checks; and $2,385 of deposits in transit, then the adjusted cash balance per bank will be $8,290. Therefore, the option C holds true.
What is the significance of adjusted cash balance?An adjusted cash balance can be calculated using the formula,
Adjusted Cash Balance = Cash Balance – Deposits in Transit + Outstanding Balances
Using this formula, the adjusted cash balance for the given condition can be computed as,
Adjusted Cash Balance = 12150 – 6245 + 2835 = $8,290
Therefore, the option C holds true and states regarding the significance of an adjusted cash balance.
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The missing options to the question are added for better reference.
What is the adjusted cash balance per bank, if the cash balance per bank statement is $12,150; there are $6,245 of outstanding checks; and $2,385 of deposits in transit?
A $16,010
B $12,150
C $8,290
D $21,780
An automobile salesperson uses ________ when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
An automobile salesperson uses Mobile information systems when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
Mobile information systems (MIS) are information systems that provide access to data and services via end-user stations that are easily movable in area, operable regardless of location, and typically equipped with a wireless connection. Mobile data collection is a technique for gathering qualitative and quantitative information using a mobile device. This method has been shown to improve data collection speed and accuracy, service delivery efficiency, and program performance assessment.
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calistoga produce estimates bad debt expense at 1/2% of credit sales. the company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650, respectively, at december 31, 2020. during 2021, calistoga's credit sales and collections were $315,000 and $319,000, respectively, and $1,720 in accounts receivable were written off. calistoga's 2021 bad debt expense is:
Calistoga accounts receivable on December 31, 2013
= Account receivable at Dec’31 2012 + Credit sales on 2013 – collections on 2013 – write off the account receivable
= $ 471,000 + $ 315,000 – 319,000 – 1,720 = $ 465,820
Calistoga's 2013 bad debt expense is = ½ % of credit sales = $ 315,000 x 0.5% =$ 1,575
Bad debt expenses = $ 315,000 x 0.5 % = $ 1,575
Balance in allowance for uncollective account = $ 1,650 - $ 1,720 = $ - 70
Adjusted allowance for uncollective account at Dec,31 2013 = $ 1,575 – 70 = $ 1,505
Debit manner access recorded for a fee made or owed. Debit access is generally made on the left aspect of a ledger account. So, when a transaction takes place in a double access machine, one account is debited even as some other account is credited.
“Dr” approach Debit. From the bank's point of view, all clients are the leaders of the banks due to the fact banks are vulnerable to paying us. It's why our deposit cash is printed as Cr in Passbook and withdrew are printed as Dr. In different words, Debit denotes belongings and credit denotes legal responsibility.
An accounting ledger is an account or report used to shop bookkeeping entries for stability sheets and profits-assertion transactions. Accounting ledger magazine entries can include money owed like coins, accounts receivable, investments, stock, accounts payable, accrued charges, and purchaser deposits.
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The part of staffing that involves seeking out and attracting qualified potential job candidates is called.
Recruitment is the part of staffing that involves seeking out and attracting qualified potential job candidates.
What is recruitment?The entire process of finding, sourcing, screening, shortlisting, and interviewing individuals for positions (either permanent or temporary) within an organization is known as recruitment. The procedures used to select people for unpaid employment are often known as recruitment. Managers, human resource generalists, and recruitment experts may be tasked with conducting recruiting, although in some instances, public employment, for-profit recruitment agencies, or specialized search consultancies are utilized to carry out portions of the process. Artificial intelligence is now frequently used in internet-based solutions that help all elements of recruitment (AI). Recruiting is the process of using one or more tactics to find and attract people to fill open positions.
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A share of stock with a beta of 0. 75 currently sells for $50. Investors expect the stock to pay a year-end dividend of $2. The 1 year t-bill currently sells for $961. 54, and the historic return on the market is 11%, the historic risk free rate is 4%. If the stock is perceived to be fairly priced today, what must be investors’ expectation of the price of the stock at the end of the year?.
$53.515 is the price of the stock at the end of the year calculating by the capital asset pricing model formula
In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below
Cost of equity = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
= 11% + 0.75 × 4%
= 11%+ 0.03%
= 11.03%
The Market rate of return - Risk-free rate of return) is also known as the market risk premium and the same is applied.
Now the stock price at the end of the year would be
of stock = (Today price + dividend ) ÷ (1 + cost of equity)
$50 = (Today price + $2) ÷ (1 + 11.03%)
So, the today price would be
$53.515
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Margo’s team, at xy products, is completely self-directed and requires little management direction. Margo’s team can be described as operating at which stage of group development?.
Margo's team is completely self-directed and requires little management direction, so they can be described as operating at the performing stage of group development.
There are five stages of group development:
Forming. During this stage, team members are usually excited and eager to work. They may have a lot of questions and feel anxious. The goal during this stage is to create a team with a clear goal, structure, roles, and direction.Storming. During this stage, team members begin to work. They usually feel disappointed or frustrated because of the unfulfilled expectation/excitement. The goal during this stage is to refocus and, if needed, redefine.Norming. During this stage, team members begin to resolve any disappointment/frustration/discrepancy between the individuals to achieve harmony. They start to show an increase in productivity.Performing. During this stage, team members feel satisfied with the team. They make significant progress.Termination/ending. This stage happens when the team's work is done or the organization needs to change. Team members would feel sad and less focused.Learn more about organizational culture at https://brainly.com/question/20165755
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you are a pricing manager at a generic pharmaceutical distributor. the ceo of the company calls a meeting of all the managers and states that it is critical to increase revenue soon or you may have to start laying off employees. you know that the price elasticity of demand for your leading generic drug is 1.5 and you sell it for three times what it costs. as the pricing manager, you should
As a pricing manager, I should suggest decreasing the price of the leading generic drug to increase revenue.
It should be emphasised that customers who buy such products are extremely sensitive to price increases when the price elasticity of the product is larger than one. This implies that if the price is raised, even marginally, they will go to a different producer. Now that the company is currently selling for three times what it costs it to make, this can become lucrative. So even if the price drops, it will still be profitable.
This will result in a shift in demand in favour of this company's drug because it is price elastic. In the long run, product differentiation might be required because rival companies might follow suit and cut their own pricing. If the product is kept generic, they will prevail against it. However, if distinctive, this will encourage client loyalty and lower price elasticity to the company's benefit.
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marc has been told to create a way for his company to achieve maximum exposure to its customers at the lowest possible cost. marc worked on the project for a while, doing research and looking at what other companies had done. then he put the project on the back of his desk for a couple of days while dealt with some routine paperwork. which period of the creative process is marc experiencing?
Incubation is the period of the creative process is marc experiencing
A workspace called a business incubator was developed to provide startups and emerging businesses with access to the tools they require all under one roof. The incubation process enables company owners to protect their cash and obtain outside assistance to hasten the growth of their enterprises. The Enterprise Center recognizes each entrepreneur's individuality via company incubation and provides assistance and specialized services to enhance each business' potential. An incubator is a business that helps entrepreneurs grow and succeed faster by providing them with resources, services, and networking opportunities. They are crucial in supporting startups and entrepreneurs.
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natural monopolies pose a particular problem for policymakers because the natural monopolist is able to achieve multiple choice question. higher costs of production than multiple competing producers would. lower profits than multiple competing producers would. lower costs of production than multiple competing producers would. greater output than multiple competing producers would.
When average costs are decreasing across the range of output necessary to meet market demand, a natural monopoly develops. This frequently occurs when fixed costs are significantly higher than variable costs.
What is a natural monopoly, and how can it be controlled by the government?
A business with a natural monopoly may be the exclusive supplier of a good or service in a given sector or region. Natural monopolies are permitted when one firm can provide a good or service for less money than any potential rival, but they are frequently very tightly controlled to safeguard consumers.
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many locations require that renters be paid interest on their security deposits. if you have a security deposit of $2,300, how much would you expect to receive in interest per year at 3 percent?
As a result, you should anticipate receiving $69 annually in interest.
What is simple interest?
Simple interest is a quick and simple formula for figuring out how much interest will be charged on a loan. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.
Although some mortgages employ this calculation approach, this kind of interest typically relates to auto loans or short-term loans.
The daily interest rate, the principle, and the number of days between payments are multiplied to determine simple interest.
Consumers who pay their loans off on time or ahead of schedule each month benefit from simple interest.
Simple interest loans are frequently used for auto loans and short-term personal loans.
Calculation of expected interest
The money you put into a security deposit is still yours, and just like with a bank deposit, you should get interest on it.
You should receive the following interest on a $2,300 deposit at 3% per year:
2,300 * 0.03 = $69
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why is the ask price higher than the bid price? multiple choice it represents the gain a market maker achieves. it represents the gain the stock seller achieves. it represents the gain the stock buyer achieves. it represents the gain all participants will achieve
Normally, a security's ask price ought to be more than its bid price. This is due to the investor's customarily expected behavior of never selling a security (at a lower asking price) than they are willing to pay for it (bidding price).
The highest price a buyer will pay to purchase a specific number of shares of stock at any particular time is referred to as the "bid." The lowest price a seller will accept for the stock is referred to as the "ask." Almost invariably, the bid price will be less than the ask, or "offer," price. The bid-ask spread is the distinction between the bid and ask prices. The broker will profit from this discrepancy. or professional managing the transaction. The bid is the price a buyer is prepared to offer for the stock. Almost always, this cost is less than the Ask. The Ask is the price at which the seller is prepared to offer to sell the shares. We would be able to purchase the shares at the bid price in an ideal scenario, but that is rarely feasible. The lowest price at which the dealer is willing to sell the security is the "ask" price. Once more, the dealer's readiness to sell at a premium price is in exchange for making the sale. If the buyer were willing to accept a yield that was equal to or less than the ask yield, the bid yield would be higher than the ask yield. The bond would subsequently be sold by the seller to the buyer for the equivalent price, or the ask yield.
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carlos looks for information that will support his belief that corporate social responsibility efforts increase customer loyalty. what decision-making bias does this scenario represent?
The concept of corporate social responsibility (CSR) holds that businesses should examine how their actions may affect the environment and society.
Environmental duty, ethical responsibility, philanthropic responsibility, and economic responsibility are the four basic categories of corporate social responsibility. Some examples of corporate social responsibility components include lowering energy and carbon footprints, participating in wildlife conservation programmes, encouraging volunteerism and charitable giving, aiding local communities, improving labour laws, promoting equality and diversity in the workplace, and funding nonprofit organisations. Adopting CSR promotes brand perception, employee engagement, and consumer retention and loyalty. cite the following as the six defining qualities of CSR; (1) Extracurricular activities that are not required by law; and (2) internalising or controlling externalities.
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the interest cost on the projected benefit obligation is found by multiplying what two amounts? multiple select question. projected benefit obligation at the beginning of the year assumed discount rate average benefit obligation over the course of the year market interest rate
These two sums are multiplied by the projected benefit obligation at the beginning of the year and the expected discount rate to get the cost of interest on the estimated benefit obligation.
An actuarial evaluation of what a corporation would require today to satisfy future pension commitments is called a projected benefit obligation (PBO). The projected benefit obligation (PBO) is updated to reflect anticipated compensation in the upcoming years and is based on the assumption that the plan won't be terminated anytime soon.
The projected benefit obligation covers the anticipated future work that employees are expected to perform, whereas the accumulated benefit obligation represents the current value of a pension liability based on the cumulative labor to date.
The estimated total of a company's pension plan liabilities at any given time is known as the accumulated benefit obligation. ABO is calculated without taking into account potential future wage increases and is based on the premise that the pension plan will be canceled immediately.
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The health benefits tom receives from his employer cover 43% of the total monthly premium of $345.00. how much does tom have to pay each month? a. $148.35 b. $196.65 c. $302.00 d. $288.00 please select the best answer from the choices provided a b c d
The health benefits Tom receives from his employer cover 43% of the total monthly premium of $345.00 is $196.65 . option B is correct.
The medical supplies or services that a health insurance plan covers. The health insurance plan's coverage documents outline covered benefits and disallowed services. Inpatient and outpatient hospital care, prescription drug coverage, pregnancy and childbirth, mental health services, and other things are among them. Certain programs offer more services. Plans must cover children's dental expenses. Adult dental insurance is an optional benefit .the monthly premium you pay for health insurance. In addition to your monthly premium, you often have to pay a deductible, copayment, and coinsurance for your medical care. A premium tax credit may be able to help you save money if you have a Marketplace health plan.
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which principles of internal control are incorrectly described? (select all that apply.) multiple select question. independently verify - check others
Using a single person to track and record assets to maintain security. It is not a principle of internal control to have a single person track and record assets to ensure security.
What are the six standards of inner control?
Physical controls, independent internal verification, human resource controls, responsibility separation, procedure documentation.
Which five principles of internal control are they?
There are five (5) components of internal control, as discussed in SAAM 0505: control the setting; risk evaluation; regulate activities; communication and information; and surveillance.
The six tenets of control activities are as follows:1) Delegation of responsibility; 2) Documentation procedures; 3) Physical controls; 4) Independent internal verification; and 6) Controls over human resources.
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chapman chairs, a family-owned corporation, declared and distributed a property dividend from its overstocked inventory in place of its usual cash dividend. the inventory's book value exceeded its fair value. the excess is
Chapman chairs, a family-owned corporation, declared and distributed a property dividend from its overstocked inventory in place of its usual cash dividend. the inventory's book value exceeded its fair value. the excess is revealed as a misfortune.
A property profit is recorded at the fair worth of the resources disseminated. This might require revaluing the resources preceding recording the profit which can deliver an increase or misfortune.
What is mishap throughout everyday life?
Incident means misfortune or the condition of having misfortune. Break hardship into its parts and you get mis-meaning terrible and fortune significance possibility or karma. In some cases, it can feel like adversity follows you. Picture it as a desolate mystic named "Miss Fortune" who can see the terrible things in your future.
What would it be advisable for us to do in our disasters?
Despite disaster, we shouldn't enjoy self-oppression and demonstrations of censuring oneself. All things being equal, we should do what is sensible for the time, be finished with. Persistent concern is based on unfortunate feelings that serve nothing for the person in question. Life, for a certain something, doesn't necessarily in all cases guarantee satisfaction.
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flex company just paid total dividends of $600,000 and reported additions to retained earnings of $1,800,000. the company has 525,000 shares of stock outstanding and a benchmark pe of 15.4 times. what stock price would you consider appropriate?
The stock price you would consider appropriate is $70.40
Earnings per share = (Dividend + addition to retained earnings) / Total number of shares
Earnings per share = (600000 + 1800000) / 525000
EPS = 4.571428571
PE ratio = Stock price / EPS
15.4 = Stock price / 4.571428571
Stock price = 15.4 x 4.571428571
Stock price = $70.4
A stock is a protection that represents a fractional possession in a business enterprise. when you buy a corporation's inventory, you are purchasing a small piece of that business enterprise, known as a share. investors purchase shares in businesses they think will cross up in fee. stocks constitute possession in a publicly traded agency. when you purchase a enterprise's stock, you grow to be part-proprietor of that corporation. for example, if a agency has one hundred,000 shares, and also you purchase 1,000 of them, you personal 1% of the employer.
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a company that makes a commercial with a person who does an excellent, realistic job of pretending to be a famous movie star could be sued by the real actor for the tort of:
Commercial exploitation , All actions taken to profit financially from one's property are referred to as commercial exploitation.
What is Commercial exploitation?
All operations utilized to obtain a business gain from one's property are referred to as commercial exploitation.
The term commercial exploitation of topography refers to any activity that directly relates to the production of an integrated circuit or a whether it be through manufacturing, selling, renting, leasing, or any other methods of commercial distribution.
According to ILO documentation, economic exploitation refers to forced labor in traditional economic sectors, primarily agriculture. According to ILO estimates, there are around million individuals working in a variety of labor-intensive industries under forced labor.
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when a firm sells all its products under one , such as pepperidge farm, the individual brands benefit from the overall brand awareness associated with it. multiple choice question. exclusive co-brand family brand premium brand individual brand
When a business sells all of its goods under a single-family brand, like pepperidge farm, the individual brands profit from the increased brand recognition.
A family brand is what?
A marketing strategy is family branding. It entails marketing a variety of products under a single brand name. For instance, a business might promote soap, lotion, hair shampoo, and nail polish under the same brand. This is distinct from product branding, which entails giving each product a unique name and image.
For instance, a business might sell both nail polish and lipstick, giving each line of products a unique marketing identity. According to the theory behind family branding, a business can increase the profitability and marketability of a variety of products by giving them all a single, recognizable name. Then, a business can increase customer loyalty by increasing brand recognition.
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firm a and firm b both have total revenues of $200,000 and total costs of $250,000; firm a has total fixed costs of $40,000, while firm b has total fixed costs of $70,000. which of the following statements are true in the short run? a. firm a should operate. b. firm b should operate. c. firm a should shut down. d. firm b should shut down. e. both a and d f. both b and c
Correct option is f which is both b and c
Firm should operate and firm should close respectively.
A has two options: continue operating or stop.
Stay alert: 50K ($200-$250K) in losses, or 40K in losses (fixed costs)
B has two options: continue operating or stop.
Stay alert: 50K ($200-$250K) in losses, then 70K in losses (fixed costs)
Closing is the best option for A, whereas remaining open is the best option for B.
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if a manager uses positive reinforcers, such as money and gift certificates, to shape the behavior of his or her employees, what can the manager then expect? check all that apply.
If a manager uses positive reinforcers, such as money and gift certificates, to shape the behavior of his or her employees, the manager can then expect to see a temporary increase in the rewarded behaviors and to satisfy the employees' lower-level needs.
By motivating employees with presents, compliments, and both monetary and non-monetary incentives, employees reward systems assist businesses in recognizing the dedication and accomplishments of their workforce. Employers and managers may reward their team members in ways that best inspire them by using a system for employee appreciation.
Human resource management (HRM) is thought to include the specialty of employee relationship management (ERM). ERM is the process of implementing commanding practices and procedures to manage employee interactions. Establishing and maintaining positive connections amongst employees inside a firm is one of the key objectives of employee relationship management. Effective corporate communication is key to ERM. Employee confidence, trust, and loyalty rise as a result. A business may assess if its goals are being achieved by skillfully managing relationships.
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An entrepreneur wants to start a new business. her most important priorities are having full control over her company and keeping all the profits for herself. which type of business would best suit her needs?
An entrepreneur wants to start a new business. her most important priorities are having full control over her company and keeping all the profits for herself. Sole proprietorship type of business would best suit her needs.
A sole proprietorship, often known as a business owner or a sole ownership, is an independent business with just one owner who is responsible for paying personal tax on the company's profits. Due to the lack of need for a distinct business or trade name, many lone owners conduct their operations under their own names.
Due to the absence of governmental regulation, a sole proprietorship is the most straightforward kind of business to start or terminate. As a result, consultants, single proprietors, and other freelancers frequently operate these kinds of enterprises. The majority of company begin as sole proprietorships and either continue in that format or grow and convert to a corporation or limited liability structure.
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your bagel shop sells bagels for $1.00 each and currently employs 4 bakers. the marginal product of the last worker hired is 12. the current wage is $8. could you increase profits?
Yes you could increase profits by hiring at least one more worker. The extra production that occurs from adding one unit of an input, like labour, to the current combination of productive elements is known as the marginal product of that input.
marginal product The change in output that results from a change in an input per unit while holding all other input components constant is known as the marginal product. Examples include labour, supplies, etc. Given that all other factors remain constant, the marginal product of labour is determined by dividing the change in output by the change in labour.
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